A total of 5,648 individuals have reported losses totaling 1.61 billion baht linked to their involvement with The iCon Group’s direct sales operations as law enforcement prepares to file money-laundering charges against several suspects.
On Sunday evening, the Central Investigation Bureau disclosed the number of complainants and the associated losses. Reports indicate that individuals across Thailand lodged their complaints from October 10 to 20, with authorities having completed questioning for 2,822 claimants who reported losses of approximately 965 million baht tied to The iCon Group’s dietary supplements.
Many additional individuals in Thailand and abroad are reportedly gathering evidence to support their own complaints in this ongoing investigation. The Central Investigation Bureau is expected to bring forth further charges against The iCon Group’s suspects, including money laundering, fraudulent borrowing, and illegal assembly. More details regarding these charges are anticipated this week as law enforcement finalizes their investigations.
Initial allegations included public fraud and computer-related offenses, stemming from claims that the group misled participants by providing false information regarding the sale of its products. Numerous individuals who invested in dealership subscriptions have reported an inability to sell the products, contrary to assurances given during training sessions.
In related developments, the Consumer Protection Police Division has seized four vehicles linked to The iCon Group, including two Lexus vehicles, an MG, and a Toyota van.
Among those who filed complaints at the Central Investigation Bureau in Bangkok was a 70-year-old man from Macau, who reported a 250,000-baht loss in his investment with The iCon Group. According to his representative, he accepted an investment invitation from a Thai contact residing in Hong Kong, who is also affected by the situation.
Having participated in a training session in Thailand last year, the Macau man was introduced to the group’s chief executive and various Thai celebrities. However, he noted that he had not received all the products ordered and was informed by his dealer of supply shortages. Disturbed by media reports surrounding the group, he decided to make his complaint in Bangkok.
