120,945 years for fraud: No show for Supreme Court verdict

19 years ago fake vacation company tricked 24,189 people out of 826 million baht & sentenced to 120,945 years in prison for fraud. Yesterday, guilty failed to show up at Supreme Court for reading of final judgement.

CRIME

120,945 years for fraud but no show when Supreme Court reads verdict

14/10/2015
Online Reporters

In 1994, 19 years ago, criminal fraud charges were blodged against a company named Blissher Inter Group and its executives.

The company tricked people into investing in a fake time-sharing vacation business with the promise of free accommodation at leading hotels and resorts for four days each year throughout a 20-year period.

Members received a 5,000-baht commission for each new member they recruited.

A total of 24,189 people were recruited into the scheme which generated 826.27 million baht.

Three of the executives were given prison sentences totalling 120,945 years in 24,189 fraud cases.

However, the law limits total jail time to 20 years.

Finally, 19 years later after appeals the judgement of the first court was upheld and the executives were going to go to prison finally.

Yesterday, the Supreme Court was scheduled to read the final judgement but none of the convicted executives showed up for the judgement reading.

Arrest warrants were issued and the judgement reading was rescheduled for Nov 23 in hopes they will show up next time.

http://www.bangkokpost.com/news/general/729768/blissher-timeshare-execs-no-show-for-final-verdict

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