In Thailand, the court sentenced 34-year-old Pudica of Kittyradio 13 to 275 years in prison for fraud. Investors have invested in the company inhabitant of Thailand of more than 160 million dollars, but in the end was deceived by it.
According to media reports, the Thai has created a financial pyramid, promising the victims of their scheme extra high profit. In the end they were defrauded a total of 40 thousand people.
According to the court verdict, Kittyradio made 2653 an act of fraud, each of which received 5 years. 10 years he received for money laundering.
It is said that the admission of guilt, the period of stay of Kittyradio behind bars was reduced by the court twice. Thus the final verdict for fraud – 673 6 years in prison.
The company also convicted must pay the victims about $ 17 million of 7.5% per annum.
It is worth noting that the scammer is unlikely to hold in prison more than 20 years, because the laws of Thailand do not provide more than 10 years in prison for each of the articles of charges and Cititravel was convicted in only two.
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