Pyramid-scheme mastermind jailed 6,637 years


Bangkok: The Criminal Court has sentenced Phudis Kittitharadilok to a jail term of 6,637 years on multiple embezzlement charges involving more than 2,600 victims who were lured into pyramid money schemes that caused combined financial damage of 5.3bil baht.

The court ruled that Phudis, director of The System Plug and Play Co and Innovation Holding Co, was guilty of violating the Criminal Code, fraudulent money scheme laws and anti-money-laundering laws on a total of 2,653 counts, each of which carries a jail term of five years, or a total jail term of 13,256 years.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

World , thai

   

Next In Regional

Python swallows woman whole in Indonesia
Malaysia needs time to study Asean joint visa proposal, says Home Minister
Mt Ruang: Last eruptions before Wednesday occurred in 2002, 1949
Thailand drops joint patrols with Chinese police after public backlash
Cops on the hunt for cable thieves in Ayer Hitam
Najib wanted to answer questions on money laundering in court, says investigating officer
Hearing for Siti Bainun's appeal against conviction postponed to Jan 30 next year
Biker ambushed by a tiger near Gua Musang, lives to tell his tale
Historic day for human rights in Malaysia, says Azalina
Many workers in boycott-hit companies are locals, says Rayer

Others Also Read