American arrested in Bangkok for alleged three million baht fraud

Bangkok police arrested an American nationwide in Klong Toey district of Bangkok yesterday (reported as Nana in some media). The man arrested allegedly lured buyers into fraudulent contracts. Cover-up says the victims lost over 3 million baht altogether.
The man allegedly provided victims choices in energy and precious metals as properly as futures contracts through 60 places of work across the globe. He allegedly claimed to be an funding fund supervisor working on the Securities and Exchange Commission.
When the buyers contacted him, he claimed the company’s laptop had been hacked and the money from the investment options had been stolen. He then reduce off all contact with the traders. The police spokesperson did not say when the victims first filed complaints with the Securities and Exchange Commission, however it is believed they did in 2014 or earlier. The man may now be fined as much as 300,000 baht, imprisoned up to 3 years, or each, if he is found guilty, according to the SEC.
The man’s name has been revealed as Matthew Christensen. He is 37 years outdated. Christensen allegedly promised the investors low dangers, with a set 5% return on their money.
Police had tracked Christensen’s location and found him on Koh Samui in Surat Thani, after which arrested him when he returned to Bangkok. Bangkok law enforcement officials from the ECD reportedly arrested Christensen at a lodge in the Nana space of Klong Toey district. The South Bangkok Criminal Court issued an arrest warrant for Christensen in November final year.
SOURCE: Chiang Rai Times

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