They defrauded their victims out of millions.
Koreaboo
18 suspects have been charged and their assets seized in a high-profile fraud case. Among them are celebrities, including a famous TV host and top actors.
In October, Thai police arrested 18 people in connection with the attack Group of icons case of fraud. Now, the suspects, who allegedly convinced victims to purchase iCon Group’s health supplements and more, have been officially charged with public fraud and violating Thailand’s cybercrime law. More than 1,100 victims, who overall lost ฿400,000,000 (approximately $11.5 million dollars), have filed fraud reports.
The list of suspects, all named at the top of the system’s hierarchy, includes the founder and the CEO Warathaphon “Boss Paul” WaratyaworrakulTV host Can Kantathavornactor Sam Yuranunt Pamornmontriand actress Peechaya Watanamamontree.
Leaders of the iCon Group program reportedly recruited victims by offering low-priced online sales courses and then convinced victims to make ever-increasing financial commitments to iCon Group to recruit even more victims.
In addition to being charged with public fraud and violating the Computer Crimes Act, the suspects, all now detained, were charged with violating the Loans Equivalent to Fraud and Public Fraud Act and the Direct Selling and Marketing Act. The suspects, who were denied bail because they are a flight risk, are being held at the Bangkok Remand Prison and Central Women’s Correctional Institution in Bangkok.
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