After October 8, 2020, it was reported to the Court of First Instance of Thailand. In the case of fraudulent investment in the cryptocurrency business called Onecoin, at the time, the Court of First Instance found the defendant guilty, which the Appeal Court upheld the latest ruling.
In this case, the Court of First Instance concluded thatThe defendant is guilty according to the Penal Code, Section 343, first paragraph of the Emergency Decree on borrowing money that is fraudulent to the people. and sentenced to 3 years and 4 months in prison and refunds to the victims Later, the defendant filed an appeal.
The Court of Appeal confirmed that One Coin could not be traded back as money. and can not be bought as the defendant claims And the defendant already knew that he could not pay compensation from the legitimate business. which is an offense of defrauding people and borrowing money that is defrauding people
On the last page of the rhetoric, the court concluded that Onecoin coins could not be traded or exchanged for money. or can be used to buy other products and services The Court of Appeal has examined in detail and there is no reason to change the ruling of the Court of First Instance.
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