Overview of the Forex-3D Case Verdict

On December 26, 2024, the Criminal Court in Bangkok acquitted three celebrity defendants involved in the high-profile Forex-3D case, which has drawn significant public attention due to its massive financial implications. The court’s decision comes amidst a backdrop of serious charges related to a Ponzi scheme that defrauded nearly 2.5 billion baht from thousands of victims.

Acquitted Celebrities and Charges

The court acquitted Daryl Cai Yonghui, a Singaporean businessman, Pattanaphol Kunchorn (known as DJ Man), and singer Sutheewan Kunchorn. They were previously accused of operating fraudulent loan schemes and providing false information through a computer system.

• Insufficient Evidence: The court cited a lack of sufficient evidence linking these individuals to the alleged offenses, leading to their acquittal.

Sentencing of Other Defendants

Harsh Penalties for Remaining Accused

While three celebrities were acquitted, three other defendants received severe sentences. Each was sentenced to 20 years in prison after being found guilty of their roles in the Ponzi scheme.

• Total Damages: The court ruled that these defendants were responsible for defrauding 9,825 victims, resulting in total damages exceeding 2.487 billion baht.

Personal Impact on the Acquitted Celebrities

Reactions from Sutheewan Kunchorn

Sutheewan Kunchorn, who had spent six months in detention before being granted bail in November 2023, expressed her relief at the verdict.

• Family Reunion: She emphasized her joy at being able to reunite with her child for the New Year celebrations and reiterated her commitment to following the law throughout the proceedings.

Background on the Forex-3D Scheme

Overview of the Ponzi Scheme

The Forex-3D case is one of Thailand’s largest Ponzi schemes, with total losses amounting to billions of baht. The scheme was initiated by Apirak Kodti, chairman of the Thamma Apirak Foundation, who misled many individuals into investing in foreign currency exchange trading through a program called Forex-3D.

• Celebrity Involvement: The scheme gained traction as it involved various celebrities who helped promote its legitimacy, further enticing victims to invest.

Implications of the Verdict

The acquittal of three celebrities in the Forex-3D case highlights ongoing challenges within Thailand’s legal system regarding financial fraud and consumer protection. As the case continues to unfold with appeals likely from the prosecution, it remains a significant topic of discussion within Thai society and serves as a cautionary tale about investment schemes.

Authorities Implement Crackdown to Reduce Fire Risks

The Bangkok Metropolitan Authority (BMA) has announced a ban on fireworks, floating lanterns, and related items for the New Year countdown celebrations, allowing them only in 14 designated areas. This regulation aims to prevent fire hazards during the long holiday period, especially as many residents may be away from their homes.

Permission Required for Fireworks Displays

Bangkok Governor Chadchart Sittipunt emphasized the importance of safety, stating that event organizers must seek permission from local authorities before setting off any fireworks.

• Consequences for Violators: Those who disregard this regulation could face fines of up to 60,000 baht and/or imprisonment for up to three years.

Designated Locations for Fireworks

Approved Sites for New Year Celebrations

Despite the general ban, the BMA has permitted fireworks displays in specific locations across Bangkok. The approved sites include:

• CentralWorld
• One Bangkok
• Seacon Square
• Terminal 21
• Iconsiam
• Asiatique The Riverfront
• The Salil Hotel Riverside
• Chatrium Hotel Riverside
• Montien Riverside Hotel
• Chang Chui Creative Park
• Nakapirom Park
• Rim Lagoon Cafe and Restaurant
• JC Kevin Hotel
• Capella Hotel

Safety Measures During Celebrations

Emergency Centers Established

To ensure public safety during the countdown festivities, the BMA will set up emergency centers in various locations. These centers will be equipped to respond to any incidents that may arise during celebrations.

Prioritizing Safety During Festivities

As Bangkok prepares for the New Year celebrations, the decision to restrict fireworks is a proactive measure aimed at ensuring the safety of residents and visitors alike. By designating specific areas for fireworks displays and requiring permits, authorities hope to mitigate fire risks while allowing people to enjoy the festive atmosphere responsibly.

Vitalik Buterin’s Generous Contribution to Khao Kheow Open Zoo

Vitalik Buterin, co-founder of the Ethereum blockchain, has made headlines with his generous donation of 10 million baht to Khao Kheow Open Zoo in Thailand. This donation is intended to improve the living conditions for all animals at the zoo, particularly benefiting Moo Deng, a five-month-old pygmy hippo who has captured the hearts of many.

A Special Visit to Moo Deng

Buterin visited Moo Deng on November 19, wearing a shirt adorned with the beloved hippo’s pattern. His involvement with the zoo goes beyond mere financial support; he expressed a heartfelt commitment to being Moo Deng’s adoptive father during her upbringing.

• Zoo’s Acknowledgment: The zoo management expressed gratitude on their Facebook page, stating, “We look forward to working with you over the next 2 years for the benefit of the Khao Kheow Open Zoo community & all our visitors!”

A Letter of Intent

Buterin’s Message to the Zoo

In a letter accompanying his donation, Buterin articulated his intention behind the contribution. He highlighted the significance of giving back during the holiday season, particularly in honor of Moo Deng.

• Quote from Buterin: “What better way to do that than through a Christmas present to someone who is dear to all Thai people, Moo Deng, and who has become one of the most unexpected and important Thai celebrities on the world stage.”

Community Impact and Future Developments

Plans for Animal Enclosures

The donation will support various improvements at Khao Kheow Open Zoo, including enhancements to animal enclosures. The zoo shared a layout plan showcasing future developments aimed at creating better habitats for its residents.

• Community Engagement: The zoo’s initiative not only focuses on animal welfare but also aims to enhance visitor experiences.

A Heartfelt Gesture for Animal Welfare

Vitalik Buterin’s generous donation to Khao Kheow Open Zoo exemplifies how individuals can make a significant impact on animal welfare and community engagement. As Moo Deng continues to grow, her story serves as a reminder of the importance of compassion and support for wildlife conservation efforts.