The Owner of The iCON Group met with police to assert that the company operates legally and expressed regret over recent events, pledging to investigate and provide compensation for affected parties.
Recently, THE iCON GROUP, an online business and health supplement company, faced scrutiny from former investors who suspect it may have been involved in a Ponzi scheme, using celebrity endorsements to attract participants. Company owner, “Boss Paul” or Waratpol Warathayawarakul, publicly defended the transparency of his operations, stating that they would cooperate fully with legal inquiries.
On October 12, 2024, Boss Paul unexpectedly visited the Consumer Protection Crime Division, surprising reporters who were there to cover victims providing testimonies against the company.
Accompanied by his legal team, bodyguards, and assistants, Boss Paul faced media scrutiny as he initially resisted interviews, but later expressed a desire to clear his name and address the significant losses claimed by victims and families affected by his business practices.
He acknowledged that he had responded late to the situation and now intends to aid those who have suffered losses, stating the company would investigate further to find ways to assist families who lost loved ones.
Boss Paul insists that he believes in the legality of his business which he founded six years ago, pointing out that he had never deemed online sales in their format to be illegal, mentioning successful predecessors in the online business sector.
When questioned by reporters about the numerous claims of victims despite initial assurances of legitimacy, Boss Paul refrained from answering and exited to meet with police, disappointing certain media members who expected honesty in his responses.
This article was rewritten from a Thairath’s news article.
