Woman Arrested for Pyramid Scheme in Nakhon Ratchasima Province

fraud pyramid scheme

The Scheme and Its Victims

A 34-year-old woman, Kanittha Senkhoksung, has been arrested for operating a pyramid scheme that caused more than 9 million baht in damages. The scheme lured in over 100 investors, who were then victimized by the fraudulent operation.

The scheme promised a monthly interest rate of 50%, attracting a large number of investors. Initially, the investors received interest payments, but eventually, the scheme operator closed the accounts and became unreachable, leaving the investors high and dry.

The Arrest and Seized Items

On August 24, 2023, a team of Crime Suppression Division (CSD) police apprehended Kanittha Senkhoksung at her residence in Moo 1 village, tambon Nong Nam Daeng, Pak Chong district, Nakhon Ratchasima province. The arrest was made based on a warrant issued by the Criminal Court on January 31, 2023.

Kanittha has been charged with fraud, running advertisements to entice people into investing in a scheme that promised higher interest rates than permitted by law, and uploading false information into a computer system.

During the arrest, the police seized three mobile phones and several bank passbooks from her possession. Another team of CSD police conducted a search at a different property owned by her family in Moo 10 village, tambon Ban Pho, Nakhon Ratchasima’s Muang district, and collected some evidence.

Investigation Reveals Facebook Posts

The arrest of Kanittha followed an investigation that uncovered her Facebook posts from 2022, where she invited people to invest in the pyramid scheme that promised a monthly interest rate of 50%. This social media activity was key to her scheme’s success, as it allowed her to reach a large number of potential investors.

Further Actions and Future Prevention

With Kanittha’s arrest, the authorities aim to ensure that justice is served for the victims of this pyramid scheme and prevent similar cases from happening in the future. The authorities will likely use this case as an example to educate the public about the dangers of investing in schemes that promise unusually high returns. Those considering such investments should always conduct thorough research and seek advice from financial experts before making any commitments.