Law
Natee Teerarojpong Released After Serving Nearly 11 Years in UFUN Ponzi Scheme Case
Natee Teerarojpong, 69, has been released from prison following his conviction in the UFUN public fraud case, having served nearly 11 years of a sentence that originally carried a 12,655-year term.
On August 23, 2026, Khaosod Online reported that Natee Teerarojpong, a 69-year-old former activist from Chiang Mai, has been released from prison. Natee was previously convicted in the high-profile 'UFUN' Ponzi scheme, a case involving widespread public fraud.
According to the report, Natee was initially sentenced to 12,655 years in prison. However, under Thai law, the maximum actual time served for such offenses is capped at 20 years. Natee stated that he contested the case through three court levels over nine years. He ultimately served nearly 11 years, noting that he received three royal pardons during his incarceration. He is currently required to wear an electronic monitoring (EM) ankle bracelet following his release. Natee expressed intentions to establish a group aimed at reintegrating former inmates into society.
For residents and travelers, this case serves as a reminder of the strict legal consequences associated with financial fraud and pyramid schemes in Thailand. While the legal proceedings regarding his specific sentence have concluded, the broader implications of his reintegration efforts and the ongoing monitoring requirements remain points of public interest. It is important to note that this information is based on the individual's account provided to the media; further official details regarding the specific conditions of his release or the status of other individuals involved in the UFUN case have not been independently verified.