Man Arrested in Gold Trading Investment Scam Causing 4 Million Baht Loss
A 29-year-old man was arrested in Sra Kaew for his role in a gold trading investment scam that defrauded over 50 victims of at least 4 million baht by promising false returns.
On July 25, 2025, police officers led by Tasanaphumi Jarupratya, commander of the Nonthaburi Provincial Police, arrested 29-year-old Somkiart (surname withheld) at a residence in Sra Kaew province. The suspect was wanted under a Nonthaburi Provincial Court arrest warrant issued January 7, 2025, facing multiple charges including public fraud, impersonation, computer data falsification, and allowing unauthorized use of bank accounts.
Investigators determined the suspect was part of an investment scam falsely claiming to operate as the AURORA gold shop, promising 20-30 percent returns to attract victims. Over 50 individuals have been identified as involved in the scheme, with at least 4 million baht in combined losses reported. The suspect admitted to opening bank accounts and traveling to Poipet, Cambodia, in 2023, where he underwent facial recognition scans at a 25-story building in exchange for 12,000 baht per scan. Police are continuing investigations and pursuing charges against all identified conspirators.
