A key member of a Chinese Ponzi scheme community wanted in China for cybercrime, fraud, and funding scams, has been apprehended by immigration police. The 35 yr outdated particular person, recognized only as Zhao, was arrested following coordination between the Chinese embassy in Bangkok and the Immigration Bureau (IB).
Zhao and his associates operated an funding firm that lured people right into a Ponzi scheme by promising high returns of as much as 10%, defrauding victims of greater than one hundred fifty billion baht.
Best selling , Pol. Lt. Gen. Pakphumpipat Sajjaphan, revealed at a press briefing yesterday that authorities are investigating previous transactions to recuperate the remaining assets worth round 75 billion baht. Sajjaphan added that Zhao was the right-hand man of the network’s alleged mastermind.
The arrest occurred throughout a raid on a condominium on Rama IX Road in Huai Khwang district, where mobile phones and computers were confiscated and Zhao’s visa was revoked, reported Bangkok Post.
In a separate case, three Chinese nationals had been arrested based on information from a Bangkok man.
One of the individuals, 35 year outdated Yan Fang, was apprehended at a condominium in Huai Khwang district for reportedly evading around one hundred twenty five million baht in taxes. The other two, forty four yr outdated Qing Yi and forty five yr previous Yuan, were wished for smuggling 15 tonnes and 474 tonnes of plastic waste, respectively.
In March, Cyber Crime Investigation Bureau (CCIB) Pol. Col. Krisana Pattanachar busted a bunch of suspects involved in a Ponzi schemepolice. He added that over 1,000 individuals had invested greater than 1 billion baht in the scheme.
The CCIB arrested seven folks and seized a number of assets from two companies that allegedly operated a Ponzi scheme luring people to spend cash on mushroom, bee, and kratom farming, promising unrealistically excessive returns, Thai PBS reported. The two companies are Mining Mine X Company, and Lak Si Station Limited Partnership..