Purapat Somyanarong, a business owner from Rayong, is always looking for new ways to invest his money. The company agreed to pay 40% investment back from the money that members put in. I calculated it roughly from other members in other groups, this operation easily conned at least 1 billion baht from members," Purapat said. When people see such businesses are backed by high-ranking government officials, they will trust the company and invest with them. Gold and tour operations are another popular type of fraudulent investment which frequently make the headlines in the local media.

Source: Bangkok Post April 29, 2017 23:48 UTC