Lottery quota scam: Investor dupes 10+ people, swindles staggering forty million baht

In a dramatic flip of events, a enterprise investor just lately scammed over 10 individuals out of a staggering forty million baht (US$1,166,180) through a lottery quota sale tactic. The victims gathered to current the case to Bangkok’s Central Investigation Bureau earlier today, hoping to expedite the seek for the fraudulent businessman, often known as “Sia Mo,” who’s now on the run.
Thamanan Thaengtim or Ja King’s Saphan Mai, along with the victims, met with Chantima Kunrotapsorn, the Deputy Director of Inquiry at the Bureau. They defined how they fell prey to the fraudulent scheme perpetrated by the 42 year old Sia Mo, also referred to as Songtham. He falsely offered himself as a successful businessman with a company valued at 200 million baht (US$5,830,820) and exploited his self-proclaimed charitable acts.
He gained the belief of his victims, selling them a lottery quota of 7,850 baht a booklet. He proposed that in the occasion that they most well-liked to not promote it themselves, they’ll make investments 7,600 baht per booklet and earn a return of 1,000 baht every month, claiming this would supply them a regular supplementary earnings.
A, a 45 12 months old sufferer, talked about that she had known Sia Mo since January when a colleague launched him to her. Initially, she made a small investment and obtained her lottery quota. Boosted by the belief she gained after the first payout, she determined to speculate extra, managing to pool around 9 million baht, together with her relatives’ contributions, reported KhaoSod.
However, things turned bitter when she was not reaping the promised lottery quota. She made a quantity of attempts to contact Sia Mo and demand a refund, however he was unreachable subsequently. She was alerted to the reality that he had absconded after accepting the fees previously at Rattanathibet Police Station, Nonthaburi.
In Cheat sheet , Bee, one other victim 40 years previous, recounted her experiences. Initially, she acquired returns and made steady investments in a while, raising her contributions into the hundreds of thousands. Things went downhill after the notorious “Not Lottery Plus” case, after which she did not obtain the anticipated returns. When inquired, she was given various excuses earlier than Sia Mo vanished.
District officers have taken down the victims’ testimonies as evidence, further investigating the matter, and reporting to their commanding officers for further directive..

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