Scam suspect loses assets

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AMLO

Published: 11/02/2012 at 02:02 AM
Newspaper section: News

The Anti-Money Laundering Office has seized the assets of a suspect in the iPhone investment scam who allegedly swindled 300 million baht from 20 students at Assumption University.

Tarit Pengdith, the director-general of the Department of Special Investigation (DSI) said, however, that not all the victims might be able to get all their money back as he did not know whether Amlo could seize enough assets from the suspect to meet their losses. Investigators have been trying to trace the financial transactions of the suspect's family members as well.

According to Mr Tarit, Amlo has seized from the suspect a plot of land, a mortgaged condominium and four cars which are on hire purchase schemes.

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: Writer: King-oua Laohong; Position: Reporter

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bkk-farang
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Discussion 2 : 11/02/2012 at 04:49 PM2
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22 ABAC students invested in average each 13 million baht after receiving some text message, correct? I wonder if these students joined this expensive university because they are smart and studied hard or because their parents donated a couple of millions to get their kids into ABAC. Was the text message something like “For each million you invest today you will receive 2 million tomorrow”? I am sure the “scam suspect” will be able to sell that list of phone numbers for a lot of money.
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drake
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Discussion 1 : 11/02/2012 at 03:30 AM1
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22 college students has a combined 300 million Bht of loose cash to go invest ?!
That's $10 million USD !

Sure don't sound like these are "students who need the money for their tuition"...
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Scam suspect loses assets | Bangkok Post: news