Sin Sae Shogun gets 4,355 years for Wealth Ever fraud
published : 12 Sep 2018 at 15:13
writer: Online Reporters
The Criminal Court on Wednesday sentenced Pasist Arinchapis, known as Sin Sae Shogun, and two other defendants each to 4,355 years in jail for public fraud in the sale of membership of their online food supplement company.
Public prosecutors arraigned Sin Sae Shogun and nine other defendants in court on fraud and other charges relating to their online business Wealth Ever, which lured many people into paying 9,700 baht each for membership, with the offer of bonus free tours around Asia.
Instead, more than 800 people who paid and joined found themselves stranded and flightless at Suvarnabhumi airport on April 11 last year, having discovered their promised tour to Japan had never been booked.
Total damages were estimated at 51 million baht, with 871 damaged parties.
The defendants, who had pleaded not guilty but were held without bail, were convicted of luring the plaintiffs into buying membership between January and April last year.
The Criminal Court on Wednesday found 31-year-old Sin Sae Shogun, the second defendant in the case, the fifth defendant and the eighth defendant, guilty on 871 counts and sentenced them to 4,355 years in total in prison.
Charges included fraudulent borrowing, illegal business, computer crime, and customs offences of buying or accepting falsely declared imported goods.
The court then capped the time they will actually serve in prison at the maximum 20 years, as required by the law.
Sin Sae Shogun was also fined 20,000 baht on charges of distributing food supplements with false labels.
The court fined Wealth Ever Co, the first defendant in the case, 435.55 million baht for violations of the loan and food laws, and ordered the confiscation of all the firm's food supplement products.
The court ordered the four convicted defendants to refund a total of 51 million baht, along with 7.5% annual interest, to 871 damaged parties.
The other two convicted defendants are: Ms Tatdao Samukkasikun, 36, personal secretary to Shogun and the fifth defendant; Ms Parinthorn Honghiran Duckor, 36, the eighth defendant.
The other six defendants were acquitted of the charges.