News Forum - MBC Club Ponzi scheme busted, 1,000 victims lost 1 billion baht

[Thaiger]

A scam company called MBC Club was busted by national police for running a Ponzi scheme with thousands of victims that caused 1 billion baht in damages. The scheme claimed to be earning huge profits from Foreign Exchange Market trading while duping people out of their money. The Royal Thai Police Deputy Commissioner-General announced the bust and arrest of a man behind MBC Club who collected the alleged investment money from the victims. The fake company make promises of impressive financial gain, including claiming a 40% average monthly return and even a year-end bonus of a Porshe luxury sports car. […]

The story MBC Club Ponzi scheme busted, 1,000 victims lost 1 billion baht as seen on Thaiger News.

Read the full story

[bb54]

I will never have any sympathy for those that lose money to ponzi schemes.

Greed and stupidity got them into this position.

High returns equals high risk

[Cathat]

rate of return 40 percent!

Sounds to good to be true etc etc!

[Saunk]

1,000 people fell for this, the world and its inhabitants are getting dumber and dumber.