Thread: A professor went missing allegedly with 1 billion baht of investors’ money

Police are hunting for a Chulalongkorn University’s former professor who operated what was suspected to be a Ponzi scheme and escaped with about one billion baht in investments of his investors.

Pol Lt-Gen Thitirach Nongharnpitak, commissioner of Central Investigation Bureau, said Sunday that a warrant had been issued by the court for the arrest of Associate Professor Sawat Sangbangpla, former chairman of Chulalongkorn University’s savings cooperatives, after complaints were lodged to the police by hundreds of people who claimed they were cheated of their investment money by the professor.

The victims placed their investments, amounting from one million baht up to 70 million baht, with the professor who reportedly invested in lottery quota purchases, in exchange for a monthly return for one percent of their investments.

They claimed that they received some monthly returns from the professor who eventually went missing with their investments.

A professor went missing allegedly with 1 billion baht of investors? money - Thai PBS English News

Gee, I hope he didn't meet with foul play...

Originally Posted by misskit

investments, amounting from one million baht up to 70 million baht, with the professor who reportedly invested in lottery quota purchases, in exchange for a monthly return for one percent of their investments.

Yeah, invest 70m in the lottery @ 1% return. Shrewd investment.

Originally Posted by Mrs. Can't Read

Originally Posted by misskit

investments, amounting from one million baht up to 70 million baht, with the professor who reportedly invested in lottery quota purchases, in exchange for a monthly return for one percent of their investments.

Yeah, invest 70m in the lottery @ 1% return. Shrewd investment.

His cut was 1% per month...



Before he scarpered with 100%


If it was like you read, it would 12% (p/a)

Originally Posted by Mr Poor Grammar (and desperate to find fault because he's butthurt)

Originally Posted by Mr. Can Read Quite Well

Originally Posted by misskit

investments, amounting from one million baht up to 70 million baht, with the professor who reportedly invested in lottery quota purchases, in exchange for a monthly return for one percent of their investments.

Yeah, invest 70m in the lottery @ 1% return. Shrewd investment.

His cut was 1% per month...



Before he scarpered with 100%


If it was like you read, it would 12% (p/a)

You're right. That comma after "70 million baht" should not be there, but should be after "professor".

Thanks. It makes much more sense thanks to you misinterpreting that misplaced comma.

The victims placed their investments, amounting from one million baht up to 70 million baht, with the professor who reportedly invested in lottery quota purchases, in exchange for a monthly return for one percent of their investments.

The victims placed their investments with the professor who reportedly invested in lottery quota purchases in exchange for a monthly return of one percent of their investments.

Originally Posted by BaitongBoy

Gee, I hope he didn't meet with foul play...

I hope he did.

I despise these cretins.

Originally Posted by Maanaam

Originally Posted by misskit

investments, amounting from one million baht up to 70 million baht, with the professor who reportedly invested in lottery quota purchases, in exchange for a monthly return for one percent of their investments.

Yeah, invest 70m in the lottery @ 1% return. Shrewd investment.

Hold on there Buddy, you mean to tell me you can't beat the casino? I'm surprised Las Vegas and Macau still exist; many expats have shared their stories of their over whelming successes at gaming