Shiitake occurred to approximately 2,000 victims in Thailand who lost over 1 million baht as a result of a mushroom farm scam

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Additional accusations were brought for breaking the Computer Act by using a computer system to promote and transmit false information. 1.29 billion baht in losses totaling 1,867 victims were reported to police stations around the nation. The suspects who carried out the operation, according to Damrongsak, reportedly fled the nation on November 30 of last year. He said that the police had their bank accounts frozen and were searching for the group with Interpol. Damrongsak warned them that they may spend up to 10 years behind bars. The police chief pledged that once the victims are located, the government will seize the Turtle Farm organization’s assets and money and deliver them to them. Turtle Farm explained that the banks had frozen their accounts and stopped the awards from being issued when investors initially began to inquire.

Over 2000 investors in a mushroom farm in the Sakhon Nakhon region of Isaan experienced shiitake after con artists with subpar morels stole more than 1 million baht from them. Due to its success, Turtle Farm stated that it will distribute an 18 to 20 percent dividend each month. In order to give the company a genuine image, they also hired a Thai celebrity to serve as their brand ambassador. Additionally, the police asked victims who hadn’t yet made a complaint to do so and to contact them both offline and online at thaipoliceonline.com. The team met yesterday to discuss the mushroom farm with the Director of the Police Cyber Taskforce and the Deputy Commissioner General of the Royal Thai Police. Two counts of fraud were leveled against Turtle Farm. At first, everything appeared to be going smoothly because investors were paid dividends. However, the situation quickly turned poisonous, and the business stopped paying dividends. Several media outlets have reported that Turtle Farm in Sakhon Nakhon has invited stockholders and investors in the mushroom farming industry from all across Thailand.