Thai Fraudster Gets 13,275 Years Jail Time for Ponzi Scheme

Thai Fraudster Gets 13,275 Years Jail Time for Ponzi Scheme
Up to 40,000 people in Thailand were duped out of their money by a Ponzi scheme. Paula Bronstein/Getty Images
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A 34-year-old Thai man has been sentenced to more than 13,000 years jail time for a Ponzi scheme.

A court in Bangkok sentenced Pudit Kittithradilok to 13,275 years in prison for running a Ponzi scheme where he tricked 2,600 people out of 574 million baht (US$17 million), reported The Bangkok Post.