A couple involved in an funding scam in Chiang Rai has been apprehended. The husband, a 36 yr previous former government official turned funding advisor, and his 37 yr old wife, are accused of defrauding traders out of 24 million baht (US$672,457) through their firm K1FX Trader Club. The arrests followed a warrant issued by the Nakhon Pathom court after multiple complaints had been lodged towards the couple.
A police process force yesterday, comprising officers from various bureaus led by the Thai National Police’s Commissioner, Major General Thiti Saengsawang, carried out the arrests at a residence in Chiang Rai. The couple was wished in connection with a warrant issued by the Nakhon Pathom courtroom this year on costs of fraud and conspiracy to defraud the public. The husband is thought under the names Ken, Kaothap, and Kanhok. The spouse is called Thanyachanok or Donut.
The couple’s company K1FX Trader Club, operating beneath the banner of Ascension Wealth, had promised traders a minimal 5% monthly return on funding from forex trading while guaranteeing 100 percent capital protection by way of an funding insurance coverage coverage. This assurance enticed unwitting people to take a position more than 24 million baht.
However, victims discovered themselves unable to retrieve their funds when the broker that Ken used shut down. Denied access to their account information by Ken, the victims’ attempts to contact him turned progressively troublesome. Eventually, they acquired no returns and had been unable to make contact, leading them to consider that they had been defrauded, reported KhaoSod.
In an intriguing twist, Donut denied the charges, stating that Ken had used her bank account to receive the funding funds. Ken admitted to the fees, explaining that he labored as a civil servant previous to his resignation to fully give consideration to forex trading. He claimed to have no intentions of defrauding the victims, and the losses had been a result of unlucky investments. He mentioned attempts to reimburse every victim were ongoing, and he had not attempted to evade justice.
Further inquiries into Donut’s authorized history revealed that she was also wished on a charge of fraud by the Thanyaburi court in an unrelated case. No obligation have since coordinated with the related officers to apprehend her to face these costs..