Thai authorities have arrested twenty one suspects in connection to the Eagle Gates Group Ponzi scheme.
The latest arrests follow that of two suspects over two years ago.
Those apprehended by the Department of Special Investigation are mostly Thai citizens (19 suspects). Two non-Thai citizens are part of the group but their nationalities have not been revealed.
In 2018 Thai authorities requested Singapore hand over four suspects. There haven’t been any updates since.
The ringleader of Thai Eagle Gates Group scammers has been identified as Miss Nueng Namphet.
Those arrested have been charged with participation in organized transnational crime. Sentences for the crime range from 6 years and 8 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 investors out of $52.2 million.