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Key suspect in “Ufun Store” fraud apprehended at Don Mueang airport

Key suspect in “Ufun Store” fraud apprehended at Don Mueang airport

13 Sept 06:12 Key points summarised by AI
  • A key suspect, identified as “Neo” and an executive of the Ufun Store pyramid scheme, was arrested at Don Mueang airport after nearly a decade on the run.
  • The Ufun network defrauded thousands of investors of over 10 billion baht by promoting a pyramid scheme involving U-Token cryptocurrency and various products with promises of high returns.
  • This arrest follows the apprehension of another executive's wife earlier this year, and in 2017, 22 defendants were sentenced to a combined 12,267 years in prison for their roles in the scheme.
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