In Thailand, the organizer of the financial pyramid was sentenced to 13 thousand years of imprisonment

The court of Thailand has sentenced a local resident 34-year-old Pudica of Kittyradio 725 to 13 years of imprisonment for organization of a financial pyramid, reports the BBC.

The man, who managed to attract investments of about 40 thousand people and collected over $160 million, was found guilty at 2653 counts of fraud.

Kittyradio held seminars and advised to invest in a company that sells used machinery, cosmetics and other goods. Investors were promised profits and bonuses for attraction of new participants.

Swindler arrested in August. He was denied the right of bail.

Thanks to the confession, the court agreed to commute the sentence of Kittyradio in two times – up to 6637 years and six months.

However, in the case of fraud will stay in jail for more than 20 years, since Thai laws there are limits to punishment for such crimes.




In Thailand, the organizer of the financial pyramid was sentenced to 13 thousand years of imprisonment 30.12.2017

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Декабрь 30th, 2017 by
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