Wantanee Tippaveth, the 28-Year-Old Alleged Ponzi Scheme Operator, is on the Run
- Wantanee Tippaveth, also known as Mae Manee, is accused of defrauding nearly 3,000 people out of 861 million baht (US$28.3m) through a reported Ponzi scheme.
- Her boyfriend, Metee Chinpa (20), has also been charged with financial misdemeanors in connection to the case.
- Authorities allege that Tippaveth promised investors an impressive 93% profit, attracting a substantial number of people to invest in her scheme.
Audacious Social Media Posts
- Tippaveth set up a seemingly luxurious gold shop in Udon Thani, but a raid revealed a counter in a small room.
- On social media, she taunted authorities and posted images of herself living a lavish lifestyle.
- Despite victims suffering devastating losses and some suicides, Tippaveth posted, “You thought you could bring me down and take everything? Do it, I can always find more money.”
Previous Allegations and Rallies
- Up to 30,000 people might have fallen victim to a similar alleged Ponzi scheme called Forex 3D.
- Victims of Forex 3D rallied outside DSI headquarters in Bangkok on Friday to demand action.
- The incidents are a reminder of the need for financial oversight and public awareness about potential risks associated with Ponzi schemes.
Background of the Scheme
- Tippaveth invited people to invest in her scheme with initial investments starting at 1,000 baht.
- Many victims reportedly lost millions of baht each.
- The scheme promised investors an impressive 93% profit, attracting a substantial number of people.
Tippaveth’s Taunts and Reality
- Tippaveth’s audacious social media postings, such as changing her profile picture to herself leaning against a BMW, taunted authorities.
- The case carries a statute of limitations of 20 years, and authorities have frozen Tippaveth’s assets while searching for her.
Consequences of Ponzi Schemes
- Many victims have reportedly suffered devastating losses, and a few have been driven to suicide.
- Tippaveth’s actions remind us of the importance of financial oversight and public awareness about the potential risks associated with such schemes.
Key Findings
- A 28-year-old woman, Wantanee Tippaveth, is on the run from Thai authorities accused of defrauding nearly 3,000 people out of 861 million baht (US$28.3m) through a reported Ponzi scheme.
- Tippaveth promised investors an impressive 93% profit, leading people to invest, and some reportedly lost millions of baht each.
- Authorities froze Tippaveth’s assets and have her on the run, while she continues to taunt them on social media.
- The incident serves as a reminder of the need for rigorous financial oversight and public awareness about the potential risks associated with Ponzi schemes.