Police Forward iCon Group Fraud Case to DSI
Major Pyramid Scheme Case Involving Billions Now a Special Investigation
On October 28, 2024, the Central Investigation Bureau (CIB) handed over an extensive case file against the iCon Group to the Department of Special Investigation (DSI), marking the case as a special one.
The CIB delivered 18 boxes containing complaints from 325 victims alleging losses in a pyramid scheme linked to the company's online sales operations.
The case includes more than 8,000 complaints with an estimated total loss of 2.41 billion baht, involving victims across Thailand and overseas.
Deputy Commissioner of CIB, Pol Maj Gen Suwat Saengnum, indicated that additional files are pending transfer.
The case involves 18 suspects, all of whom were arrested on October 16, including the founder and CEO Warathaphon 'Boss Paul' Waratyaworrakul.
They face charges of public fraud and disseminating false information through computers, amidst denials.
Deputy Prime Minister Phumtham Wechayachai endorsed the DSI's takeover to enhance the investigation's efficiency.
Both police and the DSI are committed to investigating further as new evidence emerges.
The CIB delivered 18 boxes containing complaints from 325 victims alleging losses in a pyramid scheme linked to the company's online sales operations.
The case includes more than 8,000 complaints with an estimated total loss of 2.41 billion baht, involving victims across Thailand and overseas.
Deputy Commissioner of CIB, Pol Maj Gen Suwat Saengnum, indicated that additional files are pending transfer.
The case involves 18 suspects, all of whom were arrested on October 16, including the founder and CEO Warathaphon 'Boss Paul' Waratyaworrakul.
They face charges of public fraud and disseminating false information through computers, amidst denials.
Deputy Prime Minister Phumtham Wechayachai endorsed the DSI's takeover to enhance the investigation's efficiency.
Both police and the DSI are committed to investigating further as new evidence emerges.
