Scammers' assets targeted

Scammers' assets targeted

Members of the recent so-called
Members of the recent so-called "Mae Mani Pyramid Scheme" seek help from the Department of Special Investigation on Monday to get their baht back. (Photo by Varuth Hirunyatheb)

The Ministry of Justice has ordered officials to find ways of ensuring that victims of pyramid schemes get their money back, either by confiscating scammers' assets, using tax measures or by other means.

"We need to use more severe measures because so many people are becoming poor overnight after being duped by a growing number of pyramid share scammers," Justice Minister Somsak Thepsuthin said on Monday.

"Even when these scammers are arrested, victims often either don't get their money back, or have to wait a long time for legal action before they can recoup their money.

One cause of the problem is the current anti-money laundering law, said Mr Somsak.

Currently authorities are required to return the assets to suspected scammers if they can't prove the cash or valuables are connected with the offence.

"Giving them back these [unrelated] assets is a waste of time," Mr Somsak said.

The justice minister was speaking as he addressed the recent so-called "Mae Mani Pyramid Scheme", which resulted in about 100 million baht being swindled from victims.


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