Anti-Money Laundering Office (AMLO) has invited victims of iCon Group’s direct marketing scam to file for refunds, from now on until February 17 via AMLO’s website: www.amlo.go.th
Several thousand investors have already filed complaints with the Central Investigation Bureau and the Department of Special Investigation, claiming they had been duped by iCon Group into investing in its direct marketing business, which turned out to be a pyramid scheme.
Instead of being dealers for the company’s products, the investors were told to recruit more investors.
Assets, worth several hundred million baht, belonging to the company and its top executives, who are currently being held on remand, have been impounded by AMLO, pending legal proceedings.
In its statement, AMLO said that, if more assets are seized by the DSI in the future, the victimised investors will be entitled to further refunds.
