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Police Transfer Major iCon Fraud Case to DSI

Police Transfer Major iCon Fraud Case to DSI

On Monday, the police forwarded the iCon Group case file to the Department of Special Investigation (DSI) for special case treatment.

The Central Investigation Bureau (CIB) handed over 18 boxes containing complaints from 325 victims regarding the alleged pyramid scheme run by the company, which promoted its products through online sales via agents and their sellers.

CIB Deputy Commissioner Pol Maj Gen Suwat Saengnum indicated that additional files related to the case are still being prepared for transfer.

To date, over 8,000 complaints have been lodged, reporting total losses of 2.41 billion baht from individuals both domestically and from Thai nationals abroad.

Pol Maj Gen Suwat stated that police investigators would continue their work on the case until the DSI officially accepts it as a special case, ensuring full cooperation from law enforcement.

Deputy Prime Minister Phumtham Wechayachai noted that assigning the case to the DSI would enhance the investigation’s effectiveness.

Eighteen suspects, referred to as “bosses” within the iCon marketing structure, were arrested on October 16 after numerous fraud complaints were filed against the company, known for selling health and dietary supplements.

These suspects, including founder and CEO Warathaphon “Boss Paul” Waratyaworrakul, face charges of colluding in public fraud and inputting false information into a computer system. Many of the suspects, including some celebrities, allegedly received tens of millions of baht. All have denied the allegations.

Pol Maj Gen Suwat mentioned that police would pursue additional charges as new evidence emerges, a process in which the DSI will also be involved.

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