Deputy Manager Arrested for Burglary After TikTok Gold Trading Losses

Thai man arrested for burglary, blames TikTok gold trading lossesLegacyA company deputy manager was arrested in Nonthaburi today, October 25, for allegedly stealing valuables worth more than 2 million baht from a luxury home after losing over 200,000 baht through gold trading investments promoted on TikTok. The suspect, identified as 28 year old Kriangsak, was arrested at his accommodation in Khlong Khoi subdistrict, Pak Kret district, following an investigation by Bang Si Mueang Police Station. Police recovered gold necklaces, gold rings, gold-encased Buddhist amulets, a gold container and gold pawn receipts linked to the burglary. The burglary was reported on October 16 after a 62 year old homeowner discovered that someone had broken into their property in Mueang Nonthaburi district and stolen several valuables. Photo via MGR Online Investigators reviewed CCTV footage and identified a black pickup truck allegedly used by the suspect. They subsequently placed him under surveillance before searching his accommodation and recovering the stolen items. During questioning, Kriangsak reportedly confessed to the burglary and explained that he worked as a company deputy manager, earning between 30,000 and 40,000 baht a month. He said his financial problems began after he came across a TikTok video promoting gold trading investments and decided to invest. Initially, he made profits of a few hundred baht, but later began losing between 5,000 and 6,000 baht at a time. Within one week, he had lost more than 200,000 baht. The money included his savings, loans from informal lenders, borrowing applications and money borrowed from colleagues. As creditors began demanding repayment, Kriangsak said he struggled to find a way to clear his debts and turned to burglary. Photo via MGR Online While working as a delivery rider, he began looking for homes without CCTV cameras. He eventually climbed through a window to steal valuables from a property. He then pawned the stolen gold for 120,000 baht and used the money to repay his debts. Kriangsak warned others against trusting investment advertisements on social media. “Don’t be greedy because of advertisements on social media. Anything that comes easily can be lost just as easily. Don’t let greed destroy your life like it did mine.” The homeowner criticised security at the housing estate, saying residents paid monthly keycard fees despite outsiders being allowed in without identification. The entry barrier was also out of service, while CCTV footage could not be reviewed. Police charged Kriangsak with breaking into a home to steal valuables and using a vehicle in the offence. He was taken to Bang Si Mueang Police Station for further legal proceedings. Related news

Bangkok duo arrested for 1 million baht burglary next door Thief raids empty Phuket luxury home, steals gold and 3 million baht Thai thief poses as jogger to steal over 1 million baht from luxury home

The story Thai man arrested for burglary, blames TikTok gold trading losses as seen on Thaiger News.