Fake broker sent to jail | Bangkok Post: news

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Fake broker sent to jail

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The Southern Bangkok Criminal Court has sentenced Ravi Pattiyawongse to two years in prison for running an unlicensed brokerage, according to the Securities and Exchange Commission (SEC). 

In August 2001, the watchdog filed a criminal complaint against Ravi, Tyler Terrel Wasser and Patrick De Souza on suspicion of doing unlicensed broker-dealer business under the names of Benson Dupont Capital Management and Morgan Pacific.

The two entities sold shares of five listed companies in the US to investors, reaping trading fees from February 2000 to July 2001.

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