Legal advisor exposes details of the “Carrot Share” pyramid scheme that has affected victims across multiple provinces and not just monks.
The online public recently revealed the “Carrot Share” operation, akin to the Forex 3D scam, which defrauded monks into investing and led to significant losses.
On October 21, 2024, legal consultant Supachart Damronglertrakul shared details about a broker who allegedly scammed monks, presenting a video where the broker claimed high returns, estimating that a 10-year investment could yield as much as 300 million baht. Victims reported they have been unable to withdraw their funds since 2022.
Supachart stated that there are multiple victims from various provinces consulting him, indicating that this scheme involved currency trading. Evidence and complaints have been filed with national police and the Department of Special Investigations (DSI).
It was discovered that the scheme was a fraudulent Forex trading operation disguised as a legitimate investment, similar to previous scams. Many victims have complained about legal issues related to this scheme. The DSI has recorded over 2,000 users, with total losses estimated at over 5 billion baht.
Supachart revealed that the scheme operated out of Khon Kaen, utilizing a resort and presenting a false trading platform that lured individuals into investments without any legitimate Forex trading. Although some participants received partial refunds, it was revealed that these payments were not from any legitimate trading activities.
The investigation continues as victims express concerns that no action has been taken since initial complaints were filed. Support from various social media pages is requested to ensure further investigation into these fraudulent activities.
Victims have described recruitment methods involving luxurious incentives and false promises of high returns. As investigations continue, key players in the operation may have disengaged, indicating a widespread network of deception affecting many investors across different backgrounds.
Despite the lack of tangible evidence linking the scheme back to its origins, actions against it have remained stagnant, prompting persistent requests for renewed scrutiny from authorities.
Concerns raised by involved religious monks and officials regarding the legitimacy of these operations remain under investigation, underscoring the need for further action against financial crimes targeting vulnerable groups.
There is still a significant need for clarity and resolution for countless individuals who have suffered financial loss due to this extensive scheme.
This article was rewritten from a Thairath’s news article.
