Victims of alleged Ponzi scheme seek help

A member of the group, Adithorn Raksamran, said that the head of the chain, Witchuda Yuwapan, invited him and his friends to join the scheme in 2016.
“She promised that if we took shares in the partnership totalling Bt19 million, we would get products worth Bt50 million, which meant we would get a profit of about Bt7 million per person within one year. This included various promotions and flight tickets to go abroad,” said Adithorn.
“We were asked to invest Bt3.75 million per person in 2016 but they said the people above us would invest Bt1 million per person for us, so we only paid Bt2.75 million each,” he said.
“We have tried to contact Witchuda about the product but the answer is that she had to use the money we invested to pay the Bt30 million she owes the company, so she cannot give us what was promised. Some of the investors are in a lot of trouble as they borrowed money from loan sharks expecting to make a large profit out of this investment.”
Adithorn also said that the promise of flight tickets to the United States and Hong Kong had never been fulfilled.
The president of the Reporter Club, Junjira Sittabut, accepted the complaint letter and took the group to Damrongtham Centre to make a report.
While passing on the letter, the group showed their business registration letter to prove that they really paid for their investment.
“We would like the executives and people involved with the Srithai Network to help us and investigate what has happened,” Adithorn said. “We want to know what happened to the money we invested and why the scheme didn’t go as promised.
“Also, we want to know where is the Bt50 million worth of products that Witchuda took the Bt19 million for.”