Pattaya Thais and foreigners file police reports claiming to have lost millions of baht in alleged online investment scams


Dozens of Thai nationals and foreigners in Pattaya have filed reports to Pattaya police after they claimed to have lost a combined amount of millions in baht in alleged online investment and advertisement scams.

About 70 victims have already reported the alleged scam to the Pattaya City Police this week alone. Another 130 victims have reported the scam previously, according to the Pattaya Police.

Victims explained to Pattaya police that the suspects advertised about online investments through various methods, especially on LINE and Facebook groups, including Facebook comments. The victims had to pay at least 500 baht to join the program the suspects were offering, which was reportedly a complete scam.

Once a member of the program, the victims had to play and watch online advertisements from various websites about 60 times according to the victims or spin a wheel a number of times to collect money. They were allegedly supposed to then receive a six percent gain from their original investment after completion of visiting the advertisement websites and watching the videos.

Some victims claim to have invested up to a million baht. However, the suspects in the scam, including the admins and websites, later have allegedly disappeared with the victims money and no return of investment or gain. Many of the websites and contact addresses were reportedly disconnected by the suspects.

Pattaya Police have stated that they found that the original website admins are Thai nationals and are working with multiple other agencies and police departments on the case.

The suspects also have reportedly more than 28 groups on LINE applications alone with many websites as seen below. This is not even taking into effect profiles on Facebook used that are believed to have been fake, as also seen below.

There are about 10,000 victims in Thailand according to Pattaya Police while there are about 200 victims in Pattaya. In total, hundreds of millions were lost in the scam in Thailand, according to police. It is believed the suspects have also been running this scam overseas for an unknown amount of defrauded money.

Police are continuing their investigation to attempt to find the alleged scam artists.

Story by The Pattaya News


Don’t forget to subscribe to our newsletter and get all our news delivered to you in one spam-free daily e-mail Click here!

Help support The Pattaya News in 2021!

Follow us on Facebook, Twitter, Google News, Instagram, Tiktok, Youtube, Pinterest, Parler, Flipboard or Tumblr

Join the discussion in our Facebook group or in the comments below.

Goongnang Suksawat
Goong Nang is a News Translator who has worked professionally for multiple news organizations in Thailand for many years and has worked with The Pattaya News for more than four years. Specializes primarily in local news for Phuket, Pattaya, and also some national news, with emphasis on translation between Thai to English and working as an intermediary between reporters and English-speaking writers. Originally from Nakhon Si Thammarat, but lives in Phuket and Krabi except when commuting between the three.