THE PAVILIONS PHUKET EPL Prediction Competition 2018-2019 Kata Rocks
Login | Create Account Poll Currency Weather Facebook Youtube Search

DSI arrests American in Phuket over B235mn fraud scam

PHUKET: An American actor staying in Phuket as a tourist has been arrested in connection with a multinational scam operation based in Singapore that has allegedly defrauded Thai investors of B235 million.

crimetourism
By The Phuket News

Wednesday 22 August 2018, 10:37AM


American citizen Derrick Matthew Keller is questioned after he was taken into custody in Phuket by Phuket Immigration and DSI officers on Monday (Aug 20). Photo: DSI

American citizen Derrick Matthew Keller is questioned after he was taken into custody in Phuket by Phuket Immigration and DSI officers on Monday (Aug 20). Photo: DSI

The Department Special Investigation (DSI) announced late yesterday that American citizen Derrick Matthew Keller was taken into custody in Phuket by Phuket Immigration and DSI officers on Monday (Aug 20).

Details of the location and time of Kellor’s arrest were not revealed.

Kellor was wanted on a warrant for his arrest for his involvement with Eagle Gates Group Co Ltd, which has allegedly defrauded victims through joint investment scheme in Thailand and abroad.

The company, which has been operating for more than 10 years, claims to be a stock index trading company from the United States, but siphoned money off for its own use, reported the DSI.

The company has two main roles of operation, with one group of agents holding investment seminars to lure investors, and another group to process the transactions, the DSI noted.

The DSI reported that it had received complaints from about 250 people who petitioned the agency to investigate the company’s operations in Thailand.

Together, the complaints reported a total of about B235 million being misappropriated.

The DSI reported that Kellor was one of 32 people (23 Thai nationals and nine foreigners) wanted on arrest warrants for the case.

So far 13 suspects – Kellor and 12 Thais – have been arrested, the DSI noted.

Central Phuket

During questioning, Keelor told officers that he was an actor working in China, and was hired by a Singaporean to be Executive Director of Eagle Gates Group Co Ltd in order to build credibility and reputation for the company.

The DSI noted that they would investigate Kellor’s role further.

The DSI also reported that their investigations had discovered more than B1 billion in investment had been transferred out of the victim’s bank accounts.

The agency confirmed that it would expand its investigation to trace transactions through the specified bank accounts and that other relevant agencies including the Anti-Money Laundering Office (Amlo) will be assisting in the investigation.

The DSI has been investigating Eagle Gates Co Ltd's operations in Thailand for some time now. In december, the DSI announced the arrests of two Thais and eight foreigners involved in the scam, which offered returns of 3% to 20% per month, depending on the 'investment package' selected. (See story here.)

Investment fraud watchdog BehindMLM posted a comprehensive review of Eagle Gates' origins, apparently New York but Thailand-based, and its purported founder Eddy McClough, in 2016.

The website even reported a 'fake CNN interview ' with McClough staged to dupe investors. (See report here.)

 

 

 

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

Comments Here:
Comments Left:
# Characters
Username:
Password:
E-mail:
Security:

Be the first to comment.

Have a news tip-off? Click here

 

Phuket community
GoAir to launch India’s first direct Phuket flights

Mr.Pauly,only a less educated person or a fool would expect the same safety levels in a developing c...(Read More)


Illegal booze ads ‘rampant’ in markets, says DDC

On Phuket there are large 'help yourself' BBQ restaurants. Get your plates raw food and stea...(Read More)


GoAir to launch India’s first direct Phuket flights

Such a huge selection of restaurants with food from all over the world here.Even vegetarians won'...(Read More)


Mai Khao beach declared ‘not safe’ after Chinese tourist in coma post-rescue

"What utter nonsense" unlike you, who knows "everything, there are people who do not ...(Read More)


GoAir to launch India’s first direct Phuket flights

Yes Pasquale you're right, how dare tourists and expats alike expect similar safety levels withi...(Read More)


Illegal booze ads ‘rampant’ in markets, says DDC

"Vendors of alcoholic beverages should be aware that they are being exploited by the alcoholic ...(Read More)


Govt to splash B151mn to prevent Phuket road flooding

It would be fairly easy to stop the problem in front of SuperCheap and it would a lot less than B48....(Read More)


GoAir to launch India’s first direct Phuket flights

Mr.Apirath,it is a little bit strange to expect when visiting Thailand to get the same food with the...(Read More)


GoAir to launch India’s first direct Phuket flights

If they could have say proper south Indian vegetarian foods in Phuket our Indian guests would apprec...(Read More)


Traffic safety raises concerns in Phuket light-rail plans

How do they what to make the tunnels in Thalang area, Same way they to the underpass ? Has the PEA ...(Read More)


 

Melbourne Cup 2018