Police have detained “Boss Paul” and others involved in the “The Icon Group” case, with a total of 18 arrest warrants issued. Senior Prosecutor “Promeswar Intarachuman” analyzed that those involved could face no less than 5 years in prison, while victims may struggle to receive compensation.
On October 16, 2024, police executed warrants related to “The Icon Group,” arresting some suspects, including Boss Paul (Warattapol Warataporn), and others known as Boston, Boss Eak, Boss Suay, among 18 total names. This includes various associates and celebrities connected to the case.
Analyst Promeswar Intarachuman stated that further arrests may follow, involving those at the core of the scheme. Law enforcement is urgently addressing public trust issues after many victims were left behind.
This case is not classified as a ponzi scheme but as fraudulent sales tactics. Those involved could face up to 5 years in prison for deception and violations related to direct selling regulations.
Victims’ chances of compensation depend on how much money can be recovered from the case. It is suggested that recovery may not be substantial.
Citizens are urged to be cautious and not easily trust offers involving wealth online, as this case exemplifies the significant personal and financial harm resulting from such scams.
This article was rewritten from a Thairath’s news article.
