Picture courtesy of KhaoSod
In a recent operation, a couple involved in an investment scam in Chiang Rai has been apprehended. The husband, a 36 year old former government official turned investment advisor, and his 37 year old wife, are accused of defrauding investors out of 24 million baht (US$672,457) through their company K1FX Trader Club. The arrests followed a warrant issued by the Nakhon Pathom court after multiple complaints were lodged against the couple. The couple’s company had promised investors a minimum 5% monthly return on investment from forex trading while guaranteeing 100% capital protection. Victims found themselves unable to retrieve their funds when the broker shut down, leading them to believe they had been defrauded.
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