Technology Crime Suppression Division (TCSD) police in Thailand have seized luxury sports cars, Harley Davidson motorcycles and brand name products from the house of an executive of an illegal cryptocurrency trading firm in Chiang Mai.
The seizure of the assets from the house of Nitikorn Inta, the chief executive officer of P Miner Cryptocurrency Group, was the result of an investigation by TCSD police, after they had received complaints from multiple investors who believed they had been cheated by the company.
They claimed that the company had offered more than 30 investment projects, from which they could choose, all of which promised attractive returns. One project promised a return of 80,000 baht, payable as 8,000 baht for the first month and 13,000 baht, 15,000 baht, 20,000 baht and 24,000 baht for the next four months for an initial investment of 50,000 baht.