Thai authorities have arrested twenty one suspects in connection to the Eagle Gates Group Ponzi scheme.
The newest arrests observe that of two suspects over two years in the past.
These apprehended by the Division of Particular Investigation are largely Thai residents (19 suspects). Two non-Thai residents are a part of the group however their nationalities haven’t been revealed.
In 2018 Thai authorities requested Singapore hand over 4 suspects. There haven’t been any updates since.
The ringleader of Thai Eagle Gates Group scammers has been recognized as Miss Nueng Namphet.
These arrested have been charged with participation in organized transnational crime. Sentences for the crime vary from 6 years and eight months to 10 years.
Thai authorities have pegged losses tied to Namphet and the accused at $7.2 million USD.
Globally Eagle Gates Group is believed to have bilked traders out of $52.2 million.