Bangkok Post of August 4
scoop.bangkokpost.co.th
The Securities and Exchange Commission said yesterday that it had filed additional criminal complaints against seven executives of the Brinton Group for fraud and offering securities services without a licence.
The executives are John Martin Kealey, Ronan Joseph Murray, Paul Mary Hickey, Scott Campbell Fisher, Jason Garrick Rich, Adrian Robert Wallls and Steven Hooper.
On July 26, the SEC and police raided the offices of two "boiler-room" operations, including the Brinton Group, for illegally operating securities services without a licence.
Over 100 Thais and foreigners were arrested in the raids, which followed a month-long SEC investigation in co-operation with Australian, Hong Kong, and US authorities. The securities scheme was said to have spanned 70 countries, with estimated damage to foreign investors of around A$300 million, or 6.9 billion baht.
The SEC said pending further investigation, the seven executives were identified as "responsible for the management of the Brinton Group and had therefore conspired to operate securities businesses in Thailand without having licences and to engage in fraudulent activities". |
