The SEC revealed statistics on the ‘Investment Fraud Hotline’ in August 2024, with a total of 497 people reporting information, with 350 accounts reporting fraudulent investment. Platform service providers have been notified to block 91.43% of the reported fraudulent channels. Beware of scammers tricking you into transferring money into an individual’s account.
The Securities and Exchange Commission (SEC) revealed the operation statistics of the ‘Investment Fraud Hotline’ in August 2024, stating that it has coordinated with social media platform providers to block accounts that are suspected of investment fraud, and has been able to block 91.43 percent (of the total of 350 accounts that have been coordinated to close) by the SEC. The SEC has received a total of 497 reports of investment fraud via the reporting system on the SEC website www.sec.or.th/scamalert, email scamalert@sec.or.th , and call 1207, press 22.
Since the ‘Investment Fraud Hotline’ project was launched on November 6, 2023, until August 31,
2024, the SEC has reported the blocking of investment fraud channels via various platforms, totaling 1,863 accounts, divided into Facebook 1,360 accounts, Instagram 1 account, LINE 124 accounts, and TikTok 378 accounts. When the SEC received the information, it coordinated with the platform service providers to consider blocking the accounts as soon as possible to prevent further damage to the public. In the past, it took 7 minutes to 48 hours. Currently, 98.17 percent of the total number of accounts that have been coordinated to block have been blocked.
Mr. Anek Yoo-yuen, Deputy Secretary-General and Spokesperson of the SEC, said, ‘From the information received from the public, it was found that currently, scammers tend to create credibility by initially having a small amount transferred, such as 1,000 baht, into an authorized company account. Then, they trick people into transferring the money into an individual’s account. Therefore, we would like to remind the public to be careful of investment solicitati
ons via social media. They should thoroughly check the information before deciding to invest by directly asking the company or personnel in the capital market that has been impersonated. They also should not provide personal information and not transfer money into an individual’s account.’
Source: Thai News Agency