On the morning of 19 Jun 2026 GMT+7, the Department of Special Investigation (DSI) held a press conference to update on the Forex case, led by Police Lieutenant Colonel Yuttana Praedam Director-General of the Department of Special Investigation, Dr. Jutarat Jintakanon Deputy Director of the Institute of Forensic Science, Police Major General Thinkorn Rangmat Deputy Commander of the Technology Crime Suppression Division (Deputy Commander, TCSD), Police Sub-Lieutenant Khemchat Prakaihongmanee Director of the Technology and Information Crime Division,
During the press conference, Police Lieutenant Colonel Yuttana stated that the investigation concerns companies involved in foreign exchange trading. They enticed investments promising profits from currency differentials. The business operated in three groups: the first group is brokers running investment websites—four companies found so far, all within the same network.
The second group comprises companies acting as investment recruiters (IB), providing advice or trading tutorials. Interested investors were referred to brokers within the same network. The third group is payment companies handling money transfers. All three groups are interconnected. On Tuesday, 16 Jun, searches were conducted at 24 locations under criminal court warrants across Bangkok, Samut Sakhon, Pathum Thani, and Samut Prakan provinces.
Authorities found many documents and seized evidence including 5 luxury cars, totaling 15 cars, 4 motorcycles, 65 million baht in cash, 50 baht worth of gold bars and jewelry, diamond ornaments, over 40 branded handbags, 113 watches, 12 kilograms of bullion, 600,000 baht in various currencies, 3 firearms, 55 computers, 2 tablets, 30 mobile phones, and 4 Bitcoin hardware wallets. These items are being examined to determine their relevance as evidence, with further investigations to identify involved parties.
Police Sub-Lieutenant Khemchat explained that this Forex investment fraud case has been under DSI investigation for six months, approached from a new angle starting from online gambling and scammer groups. The probe follows money trails from victims and gamblers who transferred funds through various stages.
It was found that the money transfers linked to multiple payment companies, whether legal, illegal, or potentially illegal. Among these financial routes associated with payment companies, besides online gambling scams, Forex trading investment was also involved, with millions of baht flowing through these channels, prompting interest in Forex-related financial paths.
Police Sub-Lieutenant Khemchat emphasized that receiving money into personal accounts does not necessarily imply illegal activity. The DSI welcomes explanations and information from all sides for consideration. Having a name linked does not mean someone is guilty or a suspect but requires investigation because the financial trails involve that individual.
Additionally, there are connections with some actors who were previously involved in companies, such as Etherwealth Co., Ltd., which links to complaints filed by victims against HFM and other related companies.
When reporters inquired about the case involving the singer and actor Film Rattapoom Tokongsap, Police Lieutenant Colonel Yuttana said that Film belongs to the broker group and is linked to brokers, but the investigation requires clearer evidence before conclusions are drawn.
Regarding Film Rattapoom’s financial trails, Police Sub-Lieutenant Khemchat presented slides illustrating the connections for clarity. The blue frame represents the IB group, the green frame the broker group, and the yellow frame the payment group. The IB group comprises five entities, brokers are in green, payment companies in yellow, showing all financial routes.
Following the arrows shows interconnected financial flows, though exact amounts are withheld due to investigation confidentiality. The flows lead to ALPFX Co., Ltd. Inspection revealed that this company operates from a townhouse, and officials believe it does not conduct legitimate business as registered.
Furthermore, the broker’s credibility rating page, checked by the investigative team against a UK-based broker credibility website, showed warnings or signals indicating possible illegal conduct, prompting caution on foreign websites.
This does not mean these companies are guilty but necessitates investigation when suspicious warnings arise. ALPFX is linked to Spark Digital Co., Ltd. and connected to certain individuals.
If a person receives money from any company as a director, shareholder, or regular salary recipient, that is one scenario. But if large sums are transferred from companies to individuals’ accounts within seconds multiple times, that requires scrutiny and explanations regarding millions moving into personal accounts and their relation to the companies.
The investigative team is continuing inquiries and expects more people from various sectors to be involved. They ask for time to conduct the investigation and will update the media later.
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