SiamOption behind a $22 million investment scam in Thailand | Forex Factory

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SiamOption behind a $22 million investment scam in Thailand

  • #1
  • First Post: Aug 23, 2018 9:49am Aug 23, 2018 9:49am
More than 1.4 million Thai people have lost around $22 million to an investment scam operated through the SiamOption broker. (https://www.forexbrokerz.com/news/SiamOption-behind-a-$22-million-investment-scam-in-Thailand) The Thai police suspects that the mastermind behind the fraud is 37-year old Russian expat Alexey Chikalov.

A police officer commented that fraudsters have a big network and that there are some major investors behind it, including Chikalov. There have been coordinated raids in Bangkok, Khon Kaen and Phuket and around 20 people have been arrested by now.

The victims were offered trading in forex and various Contracts-for-Difference (CFDs) on indexes, stocks and commodities. They were required to pay a subscription fee first, which is quite unusual for the Forex sector. However, once the money was transferred, the investors were not able to invest as advertised.

Why a scam that had that many victims wasn’t caught earlier?
  • #2
  • Aug 23, 2018 12:43pm Aug 23, 2018 12:43pm
Quoting mlawson71
More than 1.4 million Thai people have lost around $22 million to an investment scam operated through the SiamOption broker. (https://www.forexbrokerz.com/news/SiamOption-behind-a-$22-million-investment-scam-in-Thailand) The Thai police suspects that the mastermind behind the fraud is 37-year old Russian expat Alexey Chikalov. A police officer commented that fraudsters have a big network and that there are some major investors behind it, including Chikalov. There have been coordinated raids in Bangkok, Khon Kaen and Phuket and around...
hhhh and they say russians are good traders and have some fancy tools
for a profitable trader "and they don"t exist except as an ad" its so freaking easy to make $22m in just a couple of months maybe less with a big capital, but its just a casino, the smarts get out fast, the stupids lose a lot then revenge in anyway on any creature they can takes from him
  • #3
  • Aug 23, 2018 1:18pm Aug 23, 2018 1:18pm
Quoting mlawson71
More than 1.4 million Thai people have lost around $22 million to an investment scam operated through the SiamOption broker. (https://www.forexbrokerz.com/news/SiamOption-behind-a-$22-million-investment-scam-in-Thailand) The Thai police suspects that the mastermind behind the fraud is 37-year old Russian expat Alexey Chikalov. A police officer commented that fraudsters have a big network and that there are some major investors behind it, including Chikalov. There have been coordinated raids in Bangkok, Khon Kaen and Phuket and around...
"More than 1.4 million Thai people have lost around $22 million to an investment scam operated through the SiamOption broker. (https://www.forexbrokerz.com/news/SiamOption-behind-a-$22-million-investment-scam-in-Thailand)"

dont you love the wording?! LMAO!
first i really highly doubt that there were 1.4 million...that would make it 1 in 50 for the total population.
but lets that pass.
what is harder to overlook is: "investment"
22 million lost.
1.4 million ppl?
15.7$/person!! YES, that is 15.7$! "investment"????
really? in which planet???!!
even in Thailand, 15$ doesnt buy you more than 2 cinema tickets on the weekend!
there is always, always another trade!!
  • #4
  • Aug 24, 2018 10:48am Aug 24, 2018 10:48am
Quoting profitfarmer
{quote} "More than 1.4 million Thai people have lost around $22 million to an investment scam operated through the SiamOption broker. (https://www.forexbrokerz.com/news/SiamOption-behind-a-$22-million-investment-scam-in-Thailand)" dont you love the wording?! LMAO! first i really highly doubt that there were 1.4 million...that would make it 1 in 50 for the total population. but lets that pass. what is harder to overlook is: "investment" 22 million lost. 1.4 million ppl? 15.7$/person!! YES, that is 15.7$! "investment"???? really? in which...
1m percent disagree

go back to school boy or just don't talk about this world while u just know about it from the tv and the net

why u think there's brokers with 1$ deposit ??,, why u think there are even brokers on the net ? no not because the commission from clients but because that + they already know that they will lose their deposit so they put it all in a separated bank account and just give the client a virtual world with a real feed
so lets do math $10 from each client * 10000 as a minimum clients they can hunt = $100000 in maybe just a couple of months and that with the minimum calculation of the clients deposits,

this is why brokers so rich and sponsor the biggest teams of sports ect.. because to them its EASY MONEY
  • #5
  • Aug 24, 2018 10:58am Aug 24, 2018 10:58am
Quoting llxx77dd
{quote} 1m percent disagree go back to school boy or just don't talk about this world while u just know about it from the tv and the net why u think there's brokers with 1$ deposit ??,, why u think there are even brokers on the net ? no not because the commission from clients but because that + they already know that they will lose their deposit so they put it all in a separated bank account and just give the client a virtual world with a real feed so lets do math $10 from each client * 10000 as a minimum clients they can hunt = $100000 in...
boy?
i am afraid i am late for that.
but i am in Thailand, and highly debate that 1.4 million person was involved, period.
even 1.4 million account is very unlikely.
the math was down in the article: 1.4 million person, 22 million usd scammed.
there is not much to count on that, is it?

but like the 1m % ...yep, great math.
happy weekend!
there is always, always another trade!!
  • #6
  • Last Post: Aug 24, 2018 11:15am Aug 24, 2018 11:15am
Quoting profitfarmer
{quote} boy? i am afraid i am late for that. but i am in Thailand, and highly debate that 1.4 million person was involved, period. even 1.4 million account is very unlikely. the math was down in the article: 1.4 million person, 22 million usd scammed. there is not much to count on that, is it? but like the 1m % ...yep, great math. happy weekend!
i dont look at ppl as u do,, u are a boy or old man or a women i dont give a shit about that image,
i mean by a boy that u are young to this game and definitely to this world i see that from ur previous statement

again 1m % disagree, because what u think it cant be it will be
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