She used funds from her customers to buy a house in Bangkok, a luxury car, and to pay for a flight on a private jet.
SINGAPORE - A Thai woman involved in the $32 million luxury goods scam has pleaded guilty to cheating and money laundering on Oct 21.Another 150 charges will be taken into consideration during sentencing on Oct 29.Their customers thought they were paying for luxury watches and bags from Tradenation and Tradeluxury – companies run by Pansuk and Pi.
He added that from March to June 2022, Pansuk carried on the business of Tradenation for a fraudulent purpose. DPP Koh said the couple’s two companies became a Ponzi scheme, and depended on bringing in new customers to pay debts owed to existing customers.On one occasion in 2022, a customer consigned a Rolex worth $105,000 with Tradenation.
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