Thread: Phuket Pyramid Shyster Amassed Fortune in Thailand, China and Malaysia, Say Police

Phuketwan
October 28 2014
By Prasit Tarnsirisin

A Chinese man arrested over a multi-million dollar pyramid scheme in Bangkok is being brought back to Phuket where his allegedly illegal empire across Thailand, Malaysia and China had its base.

Song Migui, 37, also known as Zhang Jian, the Chinese national who proclaimed himself to be the ''future richest man,'' attracted media attention earlier this year when he gave 30 million baht to a Buddhist temple in Phuket City.

At the time of the massive donation, Song Migui said that he was the proud and prosperous owner of an IT software company.

Police nabbed him in Bangkok after the Anti-Money Laundering Office became involved in examining his unusual wealth. Song Migui was on a blacklist in China, investigators discovered.

He reputedly had amassed a 6000 million baht fortune in China and a 3000 million baht fortune in Malaysia on the back of the pyramid scheme.

Two others were arrested in Bangkok, Geng Lian Bao, and Miss Wang Wen Fang.

Phuket Pyramid Shyster Amassed Fortune in Thailand, China and Malaysia, Say Police - Phuket Wan

Originally Posted by Sumocakewalk

Song Migui, 37, also known as Zhang Jian, the Chinese national who proclaimed himself to be the ''future richest man,'' attracted media attention earlier this year when he gave 30 million baht to a Buddhist temple in Phuket City.

No good deed shall go unpunished.

Is this the top Amway guy?

He reputedly had amassed a 6000 million baht fortune in China and a 3000 million baht fortune in Malaysia on the back of the pyramid scheme.

Very enterprising fellow me thinks.

Getting too big so needs to be brought down a few pegs!

30 million to the temple xx million to the police?

ME and the missus were wondering about the pictures of this guy and chinese writing we have been seeing on trucks and cars sporadically. Poor saps - I wonder if they realise yet that all their money has gone?

Three Chinese suspects accused of masterminding Ponzi schemes worth 9 billion baht in China and Malaysia were brought to a press conference in Bangkok. (Photo by Somchai Poomlard)

Bangkok Post
October 29, 2014
Writer: Post Reporters

Police have arrested three Chinese suspects accused of masterminding Ponzi schemes worth 9 billion baht in China and Malaysia.

Police chief Somyot Phumphanmuang on Tuesday announced the arrests of Chong Mee Chew, also known by the Thai name of Supachai Rujathorn; Keng Lean Pao, also known as Surin Sophonsukson; and Wang Wen Fan, also known as Pachaowchew Saeyang. They are among 10 suspects allegedly running Ponzi schemes and wanted by Chinese police.

Police also seized banknotes in various currencies worth more than 900,000 baht, five land purchase contracts in Phuket worth 22 million baht, two title deeds for beachfront properties in Phuket's Muang district, a passbook and two fake identification cards.

Police tracked down Mr Supachai and arrested him at a temple in Phuket where he was ordained as monk. He had donated 30 million baht to the temple, according to police. The other two suspects were arrested outside a condominium on Rajadmari Road in Bangkok. It is not clear when the three were arrested.

Pol Gen Somyot said the trio and seven other gang members had opened the Yum Shu Mao Company to run Ponzi schemes in China. About 100,000 people in China had been duped into investing about 1.3 billion Chinese yuan, or about 9 billion baht.

The gang had also set up a company in Malaysia and allegedly lured more than 80,000 people in the country into investing about 300 million Malaysian ringgit, or about 3 billion baht, in the venture, police said.

Acting deputy police chief Pol Lt Gen Chakthip Chaichinda said the gang had tried to set up a company in Thailand, but the three were arrested before they could do so.

Pol Maj Gen Ronnasin Phusara, of the Police Strategy Division, said the arrests were the result of cooperation between Chinese, Malaysian and Thai police. Police said Mr Supachai had used his fake ID to buy assets worth of 240 million baht in Thailand.

Pol Capt Suwanee Sawaengpon, deputy secretary-general of the Anti-Money Laundering Office, said staff were checking the trio's assets and financial transactions.

Suspects in B9bn Ponzi scam nabbed | Bangkok Post: news

They look pretty cool in those shades. I wonder if they have to make a significant donation to be able to wear them during the photo shoot.

I reckon their considerable dontion will let them sit quite happily on a beach some where wearing shades.