Famous Forex Coach James Arrested on Investment Fraud Charges
Renowned forex trading coach James was arrested on investment fraud charges after allegedly promising illegal returns to foreign exchange investors through social media. The suspect denies guaranteeing profits, claiming his role was educati
On July 15 at 1:30 p.m., DSI officers brought Theeraphong, known as Coach James, to the Ratchadaphisek Criminal Court for detention after completing his interrogation. He faces charges under arrest warrant 4028/2569 issued July 13 for defrauding investors in foreign exchange trading.
When questioned about his investment advice, Coach James maintained that most of the financial flows involved were his own money deposited for trading. Regarding viral video clips showing him promoting "ALL IN" strategies, he denied guaranteeing returns, stating that investors must study and trade themselves. He insisted he never told people to sell cars or homes to go all-in, but rather suggested reinvesting profits within a trading portfolio. He characterized his work as education rather than solicitation and requested fair treatment while rejecting all charges.
The DSI reported that Coach James is a well-known short-term trading coach with hundreds of thousands of social media followers. He acted as an introducing broker (IB), taught trading strategies for companies within trading networks, and encouraged participation in foreign exchange investments promising returns exceeding legal interest rate caps. He faces charges including conspiracy to defraud the public and operating as an unlicensed securities broker.
