As the Forex trading is gaining popularity by the day we see that the scams and frauds in the forex trading have risen to a very huge amount, and this is a very big concern that we see in the forex markets as these frauds are getting bigger and more frequent all over the globe the recent victim is Thailand. Let’s see what scam did they suffer.
There was a Ponzi scheme that was popularised in the nation that was offering 10 percent interest per month to the investors, and as much as 30,000 people have fallen for this scheme and now are scammed of their investments. While this was a basic theme, there was also higher interest offers made that are yet to be made clear by the victims. Current losses on the scheme have so far accumulated to around 4 billion baht. This fraud has been done by a company named Forex 3D, which started off as an invitation-only brokerage firm and giving the investors a whopping 60 percent of the profits of their investments made in the scheme. Minimum investment started at 2,000 US$ or about 50,000 baht, which is a huge amount to take, and form 30,000 people, the company has done a huge scam.
The victims are now asking the Department of Special Investigations (DSI) to consider the “Forex-3D” Ponzi scam case as one with ‘special status.’ This was revealed by the Thai Justice ministry that is still investigating the issue.
Tags : forex Thailand, Ponzi scheme, Department of Special Investigations (DSI), Forex,