Man charged in B50m scam

       A man has been charged with operating a pyramid investment scheme that attracted more than a thousand investors and 50 million baht in funds.
       Natthachai Machi,41, is also believed to have masterminded several other scams including opening a fraudulent flight attendant training operation, but he has denied all allegations.
       Crime Suppression Division police have taken Mr Natthachai into custody after two warrants were issued for his arrest.
       CSD deputy chief Suphisan Phakdinoranat said Mr Natthachai and his accomplices had operated a company to lure investors to invest in a fraudulent oil investment scheme.
       His victims were led to believe their investments of 250,000 baht would lead to a quick profit of 300,000 baht.
       But the investors lost at least 50 million baht between them in the investment scam, Pol Col Suphisan said.
       Other suspects who have not been arrested include Thanaphon Chotisaen,Anan Nuthae, Kritaphat Trakulsomsiri and Thatsaphorn Kaosaiyanan.
       Pol Col Suphisan said Mr Natthachai had also opened Universe Airline Co to deceive customers who wanted to become flight attendants.
       He said Mr Natthachai shut down the company abruptly after receiving money from people who had signed up for training. He also did not pay the company staff their wages.
       The employees filed a complaint with police which led to Mr Natthachai's arrest.
       Mr Natthachai is thought to have opened several other firms to deceive investors into investing in various types of fraudulent schemes.