The SEC sent prosecutors to file a civil lawsuit against two culprits who created artificial volumes in the "Satang Pro" digital asset market.
On August 18, 2566, the Securities and Exchange Commission (SEC) requested the public prosecutor to file charges against the offenders, namely (1) LLC Fair Expo and (2) Mr. Mikalai Zahorski, for creating artificial volume of digital assets in the digital asset trading center of Satang Corporation Co., Ltd. , to impose the maximum civil penalties , demanding payment of a total of 12,005,620 baht plus interest , a period of prohibition from trading digital assets or digital asset futures contracts, and prohibiting them from serving as directors or executives.
According to the Civil Sanctions Consideration Committee (CSC), it was previously resolved to enforce civil penalties against four offenders in the case of creating artificial quantities of digital assets in the company's digital asset trading center. Satang Corporation Co., Ltd., 4 of the 2 offenders agreed to comply with the civil punishment measures set by the Civil Service Commission. As for the offenders: (4) LLC Fair Expo Company and (1) Mr. Mikalai Zahorski, which the Civil Service Commission The Civil Service Commission is set to pay a total of 2 baht (civil fine and compensation for the SEC's expenses due to the investigation of wrongdoing)* does not agree to comply with the civil penalty measures that the Civil Service Commission has issued. determined, which can be considered that The two offenders did not agree to settle the case at the SEC level.
Therefore, the SEC has issued a letter requesting the public prosecutor to file a lawsuit against offenders under (1) and (2) with the Civil Court to request that civil penalties be determined at the highest rate. The total payment is 12,005,620 baht including interest. Including setting a period prohibiting both offenders from trading digital assets or digital asset futures contracts. And the offender, Mr. Mikalai Zahorski, is prohibited from being a director or executive of a digital token seller or digital asset business operator. at the highest rate provided by law By allowing the perpetrator, Mr. Mikalai Zahorski, to be jointly liable for civil punishment measures taken against LLC Fair Expo as a co-debtor.
Note:
*SEC News No. 242/2565, Topic: “SEC applies civil penalties to 4 offenders in the case of creating fake quantities of digital assets of 3 coins in the digital asset trading center of Satang Corporation Company Limited. ” which was published on December 29, 2565. Details follow the link. https://www.sec.or.th/TH/Pages/News_Detail.aspx?SECID=9794
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