A Chinese national wanted in connection with an alleged pyramid-style investment fraud operation has been arrested in Chiang Mai after fleeing to Thailand. Authorities say the suspect was linked to an online investment platform accused of causing losses worth millions.
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On June 17, officers from the Crime Suppression Division (CSD) arrested Mr Hou, a 50-year-old Chinese citizen, at a housing estate in Moo 1, Nong Pa Khrang subdistrict, Mueang district, Chiang Mai. The operation was carried out under the direction of Pol Maj Gen Pattanasak Bubphasuwan, commander of the CSD, following the revocation of Mr Hou’s permission to remain in Thailand under an Immigration Bureau Region 5 order dated June 15, 2026.
According to investigators, Mr Hou was the subject of an arrest warrant issued by the Taihu County Public Security Bureau in Anhui province, China. He is accused of working with associates to establish Taihu Lutong Tourism Technology Co., Ltd., which allegedly operated an online investment platform used to deceive members of the public.
The investigation found that the company recruited investors by promising returns on investments. Authorities allege that the business model focused heavily on encouraging members to recruit new investors and expand subordinate networks, known as downlines, in exchange for financial rewards.
Police said the operation resembled a pyramid scheme. Investigators also found that the organisation allegedly maintained a clearly defined three-tier management structure designed to control and expand the investment network, resulting in widespread losses for a large number of victims.
Pictures courtesy of Thaitabloid
Following an investigation by Chinese authorities and the issuance of an arrest warrant, Mr Hou allegedly fled China. Information later indicated that he had travelled to Thailand and was residing in Chiang Mai.
Thai authorities coordinated with relevant agencies to trace his location and carry out the arrest. The operation involved officers from CSD Division 4 and Immigration Bureau Region 5.
Thaitabloid reported that Mr Hou has been transferred to Chiang Mai Immigration for detention and further legal processing. Authorities said he will remain in custody while deportation procedures are completed and arrangements are made for his return to the People’s Republic of China, where he is expected to face legal proceedings.
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Adapted by ASEAN Now Thaitabloid 18 June 2026