'Mae Manee' charged with B1.3bn Ponzi fraud

'Mae Manee' charged with B1.3bn Ponzi fraud

Wantanee “Mae Manee” Tippaveth arrives at the Criminal Court from Bangkok Remand Prison to hear charges pressed against her and five others.(Photo by Apichart Jinakul)
Wantanee “Mae Manee” Tippaveth arrives at the Criminal Court from Bangkok Remand Prison to hear charges pressed against her and five others.(Photo by Apichart Jinakul)

The public prosecutor charged Wantanee “Mae Manee” Tippaveth, her husband and five other people on Monday with defrauding over 2,500 victims out of a total 1.3 billion baht through their Ponzi scheme.

Ms Wantanee, the originator of the “Mae Manee” scam, 30, her husband, Metee Chinpa, 20, and five friends and members of her family who recruited for her, all denied the charges, saying they would justify themselves on March 9 when the case is heard in court.

Ms Wantanee and her accomplices have been charged with operating a Ponzi scheme between March and October last year in which they are alleged to have deceived victims into investing, on the promise of high returns which failed to materialise.


Do you like the content of this article?
COMMENT (3)

Virus update

More coronavirus cases reported outside China than inside for first time as infections spread to countries from Pakistan to Brazil, soar in S. Korea, Iran; world stocks retreat.

19:30

Malaysian parliament to pick new PM Monday

KULA LUMPUR: Malaysian lawmakers will meet on Monday to resolve the country’s political impasse after the king failed to find any candidate with a clear majority to become the next prime minister.

19:29

Thamanat denies being jailed abroad

Deputy Agriculture and Cooperatives Minister Thamanat Prompow on Thursday threatened to take legal actions against MPs of the disbanded Future Forward Party (FFP) for making false accusations against him during the censure debate.

19:26