Phichit Community Fund Ponzi Scheme Victims

MGR Online•Society•17h ago

Reader Briefing

Over 1,400 members of the Ban Huai Hang Community Fund Management Institute in Phichit have suffered losses after the fund failed to repay deposits.

•The Ban Huai Hang Community Fund Management Institute lured members with high dividends of 5-6% per year.
•Over 1,430 members are affected, with initial reported damages of approximately 55 million baht from 331 complainants.
•Deputy Governor Kitipol Wechakul led officials to receive complaints at Nong Lum Subdistrict Administrative Organization from July 20 to July 24, 2026.
•Investigation reveals the fund has only about 60,000 baht remaining in its account.

•The Ban Huai Hang Community Fund Management Institute lured residents of Wachira Barami and nearby provinces with 5-6% annual dividends.
•The fund president and executive committee used the money in unofficial systems and managed it like a Ponzi scheme.
•Some families lost deposits as high as 5 million baht, and over 1,430 members were unable to withdraw their funds.
•Deputy Governor Kitipol Wechakul and officials set up a complaint center at Nong Lum Subdistrict Administrative Organization from July 20 to July 24, 2026.
•While 1,430 members are affected, 331 people have initially signed complaints totaling approximately 55 million baht in damages.
•Deputy Governor Kitipol Wechakul reported that the fund's account currently holds only over 60,000 baht.
•Phichit Province has established a special working group to gather evidence and pursue legal action both civilly and criminally.

Full article content is available on the original source.

Kitipol Wechakul(กิติพล เวชกุล)

Deputy Governor of Phichit Province who led the effort to receive complaints from victims.

Sommai Tri-inthong(สมหมาย ตรีอินทอง)

A representative of the villagers affected by the fund.

Ban Huai Hang Community Fund Management Institute(สถาบันจัดการเงินกองทุนชุมชนบ้านห้วยห้าง)

A financial institute in Wachira Barami District that lured members with fake interest and cannot repay deposits.

Nong Lum Subdistrict Administrative Organization(อบต.หนองหลุม)

The location where the complaint center was established.

Provincial Justice Office(สำนักงานยุติธรรมจังหวัด)

An agency that joined Deputy Governor Kitipol Wechakul in receiving complaints.

Damrongdhama Center(ศูนย์ดำรงธรรม)

An agency that joined Deputy Governor Kitipol Wechakul in receiving complaints.

Phichit(พิจิตร)ℹ️

The province where the fund is located and where the complaints are being handled.

Wachira Barami(วชิรบารมี)

The district in Phichit Province where the Ban Huai Hang Community Fund Management Institute is located.