fbpx
Saturday, October 23, 2021

Bail Denied For Husband and Wife Fraudsters in 100 Million Baht Ponzi Scheme Case in Songkhla

Attorneys requested bail, which was 20 million baht total for the couple — but the court denied the request.

The case is known in the Thai press as “Baan Om Base” (บ้านออมเบส). Over 348 victims reported losses of more than 106 million baht from the scheme.

The husband and wife fraudsters, identified as Mr. Thanasit Kerdphum, aged 32, nickname Bum; and Mrs. Krongthong Kerdphum, 31 years old, nickname Bes, surrendered to police at the Songkhla police station on March 30th, 2021.

The following day on March 31st, Bum and Bes were brought to court. Their attorneys requested bail and wanted to put up land as collateral instead of cash. The bail limit is 10 million baht per person — so a total of 20 million baht for the couple — but the court denied bail to both fraudsters because in this case there were 145 victims that filed objection to the bail request.

Bum and Bes were brought back to a detention cell in the Songkhla prison — it’s unclear if they’re in the same cell or separate, but let’s hope for the latter.

Police escorted Bum and Bes through the back entrance of the police station to prevent chaos — as 10 victims had gathered in front of the police station, waiting for the accused to appear.

Bes, the wife, previously owned a cosmetic shop called Best Wholesale Cosmetic Shop at a local market. She recruited people through a Facebook group and page, along with customers on the ground, who also recruited others.

The scheme promised people unrealistic returns on money saved through the Baan Om Base program.

In one example, a victim said if he put in 10,000 baht he would be paid 2,000 baht interest in just 10 days.

For the first two months he was paid on time, every time. This increased his trust in the scheme and also increased his capital investment — which ended up being about 600,000 baht for one victim.

The returns were astronomical: 50,000 baht investment and you’d get 30,000 baht interest in two months.

Many victims borrowed money, putting up their cars and getting co-op loans normally earmarked for business or agricultural purposes.

Bum and Bes promised to return people’s money — but they claimed it would be hard because they had “money troubles.”

From the looks of it, money might have been their first trouble, but prison should be their main concern now.

Video of Bum and Bes at the police station:

Defend independent crime reporting in Thailand.
Stay informed with weekly digests of top crime stories & original reports. No selling, no spam!


My take: Just about every week there’s a major saving’s Ponzi scheme case in Thailand that’s defrauded people for hundreds of millions of baht.

There was another case in early March 2021 out of Phitsanulok called “Milk Milk” where a popular university law student defrauded almost 300 million from students and locals in P’lok.

Basic personal finance education could prevent this sort of fraud — if that was a priority, it could happen.

Source: https://www.khaosod.co.th/crime/news_6245410

Special Note about Facebook

My personal profile on Facebook was completely nuked — BOOM, just deleted with no warning. This isn’t just a Facebook jail sentence. I was completely banned from the platform.

12+ years of connections, networking, content, the whole works is just poof gone.

So look, if you came to this page from Facebook, and you’d like to continue to read True Crime Thailand content in the event that my group and page are taken off the platform (it’s inevitable), then I only ask that you sign up to my newsletter.

I do not spam. I only use it to send out a weekly digest of the best crime news in Thailand, along with original reports that I write — about once a week, too.

You can sign up here:

Thailand's Daily Crime Pill is to be taken with a splash of soda, a tall Chang, a cuppa tea, or coffee - the choice be yours. And it's free, just trade your email and you get the good stuff straight to your inbox.

Are you on Telegram?

So are we.

Here’s a link to the True Crime Thailand Telegram channel where we can get the stories that matter the most out in the most direct and efficient way without the interference of Big Tech: Click Here for Telegram Channel

Latest Posts

Bangkok chemsex party ends in steamy bust: meth and COVID-19 found.

Saunas, meth, and covid -- oh my! 60 party-goers were arrested in the raid, most have pleaded guilty to a variety of crimes. But...

Keep your ear to the ground.

The whole picture of the Golden Triangle narcotics trade will never be known -- all we have are incomplete pictures.

Scarface in Pattaya: Chinese National Shoots 2 Royal Thai Police

It takes serious cojones to confront somebody that you very well know is armed and dangerous.