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Self-proclaimed philanthropic tycoon Prasit Jeawkok sentenced to 1,155 years

Self-proclaimed philanthropic tycoon Prasit Jeawkok sentenced to 1,155 years

14 Sept 17:32 Key points summarised by AI
  • Thai tycoon Prasit Jeawkok received a 1,155-year prison sentence for 321 counts of fraud, though he will serve a maximum of 20 years under Thai law.
  • Prasit and two co-defendants were fined 145 million baht and ordered to pay approximately one billion baht in compensation to 321 victims.
  • He operated a Ponzi scheme from 2020-2021, promising lucrative returns through various investment ventures.
  • Prasit cultivated an image as a successful businessman and philanthropist, claiming significant charitable contributions while allegedly defrauding investors.
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