Pooncharas Thongpaiboon is questioned after her arrest for operating a pyramid scheme that caused people to lose around 3 million baht. (Photo by Prasit Tangprasert)NAKHON RATCHASIMA: A 33-year-old woman has been been arrested for alleged fraud, accused of luring people to invest more than 3 million baht in a "len share" pyramid scheme which soon ran out of money. At least 30 people were attracted to the offer, paying more than 3 million baht into Ms Pooncharas’ account. Ms Pooncharas allegedly confessed that she had earlier invested in a pyramid scheme, and decided to operate a similar scheme herself. She closed her Facebook account and hid out at a house in Nakhon Ratchasima, where she was arrested.

Source: Bangkok Post December 18, 2017 08:48 UTC