Mae Chamoy News Today

Those who expect the government and financial regulatory bodies to have quick and strong safeguards to protect wide-eyed investors from Ponzi schemes and hustlers: prepare for a letdown. The latest tit-for-tat this week among the ministries responsible suggests that people will have to wait for a solution, or simply just safeguard themselves.

Criminals running Ponzi schemes like "Share Mae Manee" or the recent "Forex 3-D" under the guise of a company are nothing new in this country.

The story of four high-profile suspects arrested in connection with a fraudulent investment ring estimated to have made off with at least 1 billion baht reminded us of an earlier hi-so fraud. In the recent case, police detained “Lt Col Dr Amraporn Visetsuk, chairwoman of the Tiao Puea Chart (Travel for the Country) project, and…