US EditionThai police arrest 13 foreigners in an alleged $1.2M investment scam targeting Australians
- On June 16, Thai authorities apprehended 13 men at an upscale residence in the Bang Phli area of Samut Prakan province, including six British, five Australian, one Canadian, and one South African national, in connection with a suspected investment call centre scam targeting Australians.
- The arrests came after the Australian Federal Police informed Thai authorities last year that the syndicate’s two main figures, a British and an Australian national, had escaped to Thailand in early 2024 following a previous raid in Indonesia.
- Authorities found the suspects working from a heavily secured converted office in the luxury residence, cold-calling over 14,000 Australians to promote fake bond investments promising 7–10% fixed returns over one to three years.
- Pol Lt Gen Jirabhop said the suspects face initial charges of racketeering and working without permits, with possible future fraud and transnational crime allegations, while AFP’s Cressy reported Australian losses exceeding A$4.45 billion.
- The suspects denied wrongdoing, claiming they believed they worked legally for a legitimate company, but Thai authorities revoked their visas and blacklisted them, calling the raid a significant win for both Thailand and Australia.
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Thai police arrest 13 foreigners in alleged US$1.2 million investment scam targeting Australians
BANGKOK: Thai police said on Tuesday (Jun 17) over a dozen foreigners, mostly Australians and British, were arrested for allegedly running an online investment fraud that had duped people out of at least A$1.9 million (about US$1.2 million). On Monday, police raided a rental house in the province of Samut
·Singapore
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Associated Press News+5 Reposted by 5 other sources
Thai police arrest 13 foreigners in an alleged $1.2M investment scam targeting Australians
Thai police say over a dozen foreigners, mostly Australians and British, were arrested for allegedly running an online investment fraud that had duped people out of at least $1.2 million.
·United States
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