Thai media reported on May 20, 2026, citing police, that two people suspected of providing receiving accounts for an online gold-investment scam had been arrested. The case remained under investigation; arrest did not establish guilt.
Police said they would continue tracing the money flows and the wider scam network to investigate other people involved.
The victim, a civil servant, met the other party on TikTok and was directed to invest in online gold trading through a platform using the name “ZFX”.
The other party claimed that the platform was connected to a British company, operated legally and was registered with Thailand’s Securities and Exchange Commission. Those were claims made in soliciting the investment, not proof of lawful authorisation. The platform in this case should not be conflated with a similarly named company solely on the basis of its name.
The victim believed the claims and made 15 transfers, losing nearly 2.7 million baht, approximately US$82,800.
According to the original report, the victim’s request to withdraw principal and returns was refused, and contact with the other party was subsequently cut off.
The victim then reported the matter to police. After tracing the money, police arrested two suspected receiving-account providers. The case remained subject to legal proceedings, and the arrests did not mean all losses had been recovered.
The case is a reminder that social-media introductions, claims of overseas corporate links or promises of high returns are insufficient to establish an investment’s reliability.
