AMLO Seeks Asset Seizure from Scandal-Ridden iCon Group
The Anti-Money Laundering Office has been asked to seize assets from The iCon Group, a direct sales company allegedly scamming the public with celebrity endorsements. Victims reported financial damages totaling about 31 million baht. Investigations are underway to determine legal compliance, and involved parties, including celebrities, may face legal consequences.
The Anti-Money Laundering Office (AMLO) has been requested to confiscate assets from The iCon Group, a direct sales company under scrutiny for allegedly scamming the public using celebrity endorsements.
The controversy surfaced as resellers, some driven to bankruptcy, reported borrowing money or selling assets to meet the company's aggressive sales quotas.
Acting National Police Chief Pol Gen Kittirat Panpetch disclosed that reported financial damage amounts to around 31 million baht.
Participants in iCon's scheme paid for training and credit lines, with credit tiered at normal (2,500 baht), super (25,000 baht), and dealer (250,000 baht) levels.
Ongoing investigations aim to verify the company's legal compliance, with suspected involvement in dubious direct sales and Ponzi-like activities.
Any party implicated, including celebrities in promotional roles, faces potential legal charges.
This includes Thai actor and moderator Kan Kantathavorn, who paused his TV work to clear his name and assist legal processes.
Thai Broadcasting, under Workpoint Entertainment, echoed Kan's position.
Other celebrity affiliates, Yuranunt 'Sam' Pamornmontri and Pechaya 'Min' Wattanamontri, held executive roles in iCon.
The controversy surfaced as resellers, some driven to bankruptcy, reported borrowing money or selling assets to meet the company's aggressive sales quotas.
Acting National Police Chief Pol Gen Kittirat Panpetch disclosed that reported financial damage amounts to around 31 million baht.
Participants in iCon's scheme paid for training and credit lines, with credit tiered at normal (2,500 baht), super (25,000 baht), and dealer (250,000 baht) levels.
Ongoing investigations aim to verify the company's legal compliance, with suspected involvement in dubious direct sales and Ponzi-like activities.
Any party implicated, including celebrities in promotional roles, faces potential legal charges.
This includes Thai actor and moderator Kan Kantathavorn, who paused his TV work to clear his name and assist legal processes.
Thai Broadcasting, under Workpoint Entertainment, echoed Kan's position.
Other celebrity affiliates, Yuranunt 'Sam' Pamornmontri and Pechaya 'Min' Wattanamontri, held executive roles in iCon.
