Thai Police Seek Couple in $700 Million Fraud Case, Auctioning Seized Assets
Quick Look
- Thai police are searching for couple Mauerberger and Cattaliya Beevor, wanted for fraud and money laundering related to a decade-old investment scheme.
- Nearly $700 million in assets, including a superyacht named Atlas, have been seized and will be auctioned.
AI-generated summary
Why It Matters
Mauerberger and his wife are wanted by Thai police for fraud and money laundering related to a bogus investment scheme dating back to 2016. Nearly $700 million in assets have been seized.
Mauerberger and his wife, Cattaliya Beevor, are wanted by Thai police on fraud and money laundering charges, linked to what prosecutors allege was a bogus investment scheme stretching back to 2016.
Nearly US$700 million worth of assets have been seized in Thailand so far, much of it linked to Mauerberger. These include shares in major corporations, properties, luxury cars and yachts – an example of what financial experts say are the vast pools of dirty money sloshing through the kingdom’s economy.
Thai police say the pair fled the kingdom as investigators sought them out over the decade-old allegations of investment fraud. Their whereabouts remain unclear, with unconfirmed reports saying they have sought sanctuary in Dubai.
As part of its four-day auction that starts on Tuesday, Thailand’s Anti-Money Laundering Office will “conduct a sale by public auction” of the 51-metre superyacht called Atlas and a speedboat – considered “assets connected with the commission of offences” – at separate Phuket marinas.
Open Questions
- Where are Mauerberger and Beevor currently located?
- What specific companies were involved in the investment scheme?
- Will further assets be seized and auctioned?
