Nana Raibeena Arrested for Fraud and Pyramid Scheme Involving 195 Million Baht Losses

Bangkok: Nana Raibeena is facing charges of fraud and involvement in a pyramid scheme, resulting in 195 million baht in losses for 17 victims. Among the victims, Janie Tienphosuwan suffered a loss of 3 million baht and initially denied all charges. According to Thai News Agency, Pol. Maj. Gen. Thatsaphum Jaruprat, the Commander of the Economic Crime Suppression Division, provided an update on the case following Nana's interrogation. In November 2015, close friends of Nana lodged complaints against her, accusing her of fraud and violating the Emergency Decree on Fraudulent Loans. Investigators from the Economic Crime Suppression Division examined the financial trails, interviewed 17 victims, and gathered evidence, including expert testimonies from the Fiscal Policy Office. On December 2, 2015, investigators secured an arrest warrant and apprehended Nana at her residence in Phra Khanong. They seized various assets, including a white Mini Cooper, luxury handbags, collectibles, jewelry, and watches valued at 10 million baht. The investigation revealed several fraudulent schemes, such as false investment solicitations, fabricated stock trading, and overseas business ventures. Janie Tienphosuwan's independent investigation confirmed the absence of any legitimate overseas investments, resulting in her complaint against Nana. Pol. Maj. Gen. Thatsaphum addressed claims by Nana's lawyer, Saiyut Pengbunchu, about an attempted surrender on December 1st. He clarified that Saiyut arrived alone at an off-duty time, without a warrant issued, and only submitted a letter to the police. There was no record of Nana's presence, and legal procedures require a suspect to be charged before surrendering. The investigation is ongoing, with Nana denying all charges and the police maintaining confidentiality on witness involvement. Seized assets have been reported to the Anti-Money Laundering Office (AMLO), but the remaining funds in Nana's account were insufficient to cover the damages. Some funds were used to repay debts and victims. T he case, which carries a penalty exceeding three years, permits immediate issuance of an arrest warrant. Nana claims ignorance of the fraudulent nature of the loans and intends to compensate the victims. Pol. Maj. Gen. Thatsaphum confirmed the issuance of an arrest warrant under pyramid scheme laws, which carry a penalty of 5-10 years. Preliminary findings suggest potential money laundering charges, with the Technology Crime Suppression Division's Superintendent reporting to the AMLO. The investigation aims to verify whether seized assets were acquired before or after the main offense in September 2022. Bail remains a possibility, but no request has been submitted by Nana.