Deputy Finance Minister Julapun Amornvivat said the government is making moves to plug legal loopholes to protect people from get-rich-quick schemes and this process may take up to three months. The minister was responding to a question raised in Parliament…[Continue Reading...]
BANGKOK (Reuters) - Thai police have arrested 18 people and seized luxury goods after receiving nearly 5,600 complaints about an alleged pyramid scheme, saying on Monday they estimate investors have lost at least 1.61 billion baht ($48 million). The Central…[Continue Reading...]
Police have impounded four more luxury vehicles from two key suspects in the alleged The iCon Group scam as the number of registered victims rose to 4,743 people with damage estimated at 1.4 billion baht. The Consumer Protection Police Division…[Continue Reading...]
Authorities have urged damaged parties to come forward and file complaints against suspects in the scandal engulfing The iCon Group as investigations continue into allegations that it ran a pyramid scheme. While 18 suspects including the company's CEO and founder…[Continue Reading...]
SEOUL, October 15 (AJP) - A multi-level marketing scam in Thailand, centered around the Icon Group, has reportedly affected over 740 victims with losses totaling 266 million baht (US$7.5 million). According to the Bangkok Post on Monday, the scam's reach…[Continue Reading...]
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