Woman held for infamous Ufun pyramid scheme

Woman held for infamous Ufun pyramid scheme

A Crime Suppression Division officer shows an arrest warrant to the 29-year-old woman identified only as Supatra, wanted for alleged involvement in the infamous Ufun pyramid scheme that defrauded investors out of about 10 billion baht. (Photo: Crime Suppression Division)
A Crime Suppression Division officer shows an arrest warrant to the 29-year-old woman identified only as Supatra, wanted for alleged involvement in the infamous Ufun pyramid scheme that defrauded investors out of about 10 billion baht. (Photo: Crime Suppression Division)

A 29-year-old woman has been arrested in Pathum Thani province for alleged involvement in the infamous Ufun international pyramid scheme, which duped people out of more than 10 billion baht.

Crime Suppression Division police arrested Supatra, also known as Chatthita, on a road in Thanyaburi district, Pathum Thani, CSD police said on Friday.

The woman's surname was not disclosed, and her face was blurred in the police handout photographs.

The woman was wanted on an arrest warrant issued by the Criminal Court on Dec 14 last year for collusion in transnational crime and public fraud.

The case dates back many years. In March 2017, the Criminal Court jailed 22 defendants for a total of 12,267 years.

Ufun Co persuaded people in 2015 to invest in fruit juice drinks, herbal and cosmetic products with a promise of high returns.

Later, the Ufun network duped people into investing in the U-Token, which was cryptocurrency fraud, and in product purchases. It was a pyramid scheme, drawing in new investors to pay the people at the top.

Many people who fell victim to the scheme filed complaints with the Consumer Protection Police Division (CPPD), leading to the arrest of 164 people. Damage caused to the victims was put at more than 10 billion baht. 

On Wednesday, CSD and CPPD police learned that Ms Supattra, one of the Ufun pyramid scheme principals, was in hiding in Pathum Thani. They went there to arrest her.

The woman admitted she was the person named in the arrest warrant but denied all charges. She was being held in custody by the CPPD.

Do you like the content of this article?
COMMENT (1)

Wat Choeng Tha, location for TV soap 'Love Destiny', flooded

AYUTTHAYA: Wat Choeng Tha, a restored ancient temple and filming location for the popular TV series Bupphaesannivas (Love Destiny) in Phra Nakhon Si Ayutthaya district, was flooded by water overflowing from nearby canals on Friday morning.

11:55

Their Majesties to visit massacre victims

Their Majesties the King and Queen will visit victims of Thursday's preschool massacre in Nong Bua Lam Phu and Udon Thani provinces on Friday night, government spokesman Anucha Burapachaisri said.

11:45

VIDEO: This Week's Top Stories

This week: mass murder, child driver BMW crash and widespread flooding

10:54