Victims Unite to File Complaint with DSI Against Billionaire Businessman Over Cryptocurrency Investment Fraud Totaling Billions of Baht
Around 1,000 victims filed fraud complaints with Thailand's DSI against businessman Vorrawat over a cryptocurrency scheme causing 1.386 billion baht in losses, with the suspect reportedly hiding in Dubai.
On May 6, 2025, at DSI headquarters in Bangkok, representatives led by Nai Thane Jit Isara, chairman of the Santiprachadharm Club, submitted complaints and evidence on behalf of approximately one thousand victims who were defrauded by businessman Vorrawat, known as Acme, in a digital currency investment scheme. Initial losses are valued at 1.386 billion baht. The victims have set three key demands for DSI: first, to pursue and prosecute the main suspect; second, to expand the investigation to other perpetrators including close associates and networks both in Thailand and abroad; and third, to rapidly freeze assets obtained through fraud for eventual compensation to victims. Nai Thane revealed that the suspect has fled to Dubai and called for police to expedite an international red notice. He emphasized that many victims were deceived by the suspect's carefully cultivated image of proximity to powerful figures domestically and internationally, combined with psychological manipulation and extensive public relations efforts around charitable activities. The representative also noted that evidence of the financial trail is clear, as victims made transfers to specified bank accounts, making asset seizure feasible. He expressed concern that some alleged celebrities and artists may be connected to the scheme and urged DSI to coordinate with relevant agencies in their investigation.
