Popular Post snoop1130 Posted October 11, 2019 Popular Post Share Posted October 11, 2019 ‘OneCoin’ scam ends with Vietnamese fraudster’s arrest By The Nation A Vietnamese man was arrested at Suvarnabhumi Airport earlier this month for allegedly scamming many Thais and his own compatriots into believing they could make purchases in Thailand with fake digital currency called OneCoin instead of baht. Pol Lt-General Sompong Chingduang, commander of the Immigration Bureau, reported on Friday (October 11) that the accused, identified only as “Mr Ngoc”, was on a criminal blacklist when he tried to leave Thailand on October 2. His passport triggered alarms and he bore a physical resemblance to the suspect being sought, so police conducted a biometric scan, allegedly prompting him to admit he was the scammer. Sompong claimed Ngoc confessed to working with seven other fraudsters, both Thai and Vietnamese, in tricking people to invest in OneCoin, a cryptocurrency conceived by Bulgarian Konstantin Ignatov, who was arrested in March. While the scam earned high returns, it took months for the victims to realise they’d been bilked and file complaints with police. Source: https://www.nationthailand.com/news/30377313 -- © Copyright The Nation Thailand 2019-10-11 Follow Thaivisa on LINE for breaking Thailand news and visa info 4 Link to comment Share on other sites More sharing options...
Popular Post Reigntax Posted October 11, 2019 Popular Post Share Posted October 11, 2019 Fake cryprocurrency in Thailand. Who would have thought possible. Is there anything not fake in Thailand? 1 5 Link to comment Share on other sites More sharing options...
Inn Between Posted October 11, 2019 Share Posted October 11, 2019 According to our friends at Wiki: OneCoin is a Ponzi scheme[1][2] promoted as a cryptocoin with a private blockchain, by offshore companies OneCoin Ltd (Dubai) and OneLife Network Ltd (Belize), both founded by Ruja Ignatova in concert with Sebastian Greenwood.[3] OneCoin is considered a Ponzi scheme due to its organisational structure and because of the previous involvement of many of those central to OneCoin in similar schemes.[4] I guess this Asean cooperation between the Thais and Vietnamese was just an offshoot of the real McCoy. I've never looked into crypto-currency but they seem ripe for victims of ponzi schemes, just like the one going on with Onecoin. I guess they appeal to the stupidly greedy or those win money to launder and no other choices. I assume regular people made good profits in the early days of Bitcoin, but is there really legitimate investment appeal now? 1 1 Link to comment Share on other sites More sharing options...
JimmyJ Posted October 11, 2019 Share Posted October 11, 2019 "His passport triggered alarms and he bore a physical resemblance to the suspect being sought, so police conducted a biometric scan, allegedly prompting him to admit he was the scammer." They keep hyping biometrics. "His passport triggered alarms..." Safe to say he was caught at that point. The biometrics once again irrelevant. Wanting to spy on citizens in internet cafes and coffeeshops, want to be able to indentify everyone everywhere. It has little to do with catching criminals and everything to do with control. 1 Link to comment Share on other sites More sharing options...
inspire15 Posted October 11, 2019 Share Posted October 11, 2019 13 minutes ago, JimmyJ said: They keep hyping biometrics. "His passport triggered alarms..." Safe to say he was caught at that point. The biometrics once again irrelevant. And you know this because? Do you even know what biometrics are, that now about 80% of all countries in the world have biometric passports and more than 1.5 billion people have their biometric data registered? So hardly a Thai thing. 1 1 1 Link to comment Share on other sites More sharing options...
Popular Post sunnyboy2018 Posted October 11, 2019 Popular Post Share Posted October 11, 2019 9 hours ago, Reigntax said: Fake cryprocurrency in Thailand. Who would have thought possible. Is there anything not fake in Thailand? The criminal was Vietnamese. The victims were Thais. If you are Thai bashing try and do it logically. 3 1 Link to comment Share on other sites More sharing options...
007 RED Posted October 12, 2019 Share Posted October 12, 2019 17 hours ago, inspire15 said: And you know this because? Do you even know what biometrics are, that now about 80% of all countries in the world have biometric passports and more than 1.5 billion people have their biometric data registered? So hardly a Thai thing. @inspire15.... I’m not sure where you derived the numbers from, but I can assure you that 1.5 billion people certainly do not have their biometric data registered in their passports. Biometric data, as defined by the International Civil Aviation Organisation (ICAO), which functions under the auspice of the United Nations (UN), only includes fingerprints, iris scan and DNA data. There are other forms of biometric data such as handprints, palm vein geometry etc. but these are not included within the ICAO list of biometrics. The so called biometric passport, or to give it its correct name, Machine Readable Travel Document (MRTD), was first introduced in 2006. However, since its introduction no biometric data has been stored on the microchip embedded within the passport. The information which is held in an encrypted format on the microchip is identical to the biographical information given on the photo page of the passport, including the an enhanced photo of the passport holder which just shows just the face (top of head to chin - no space above or below). In June of last year (2018) the ICAO Committee eventually ratified DOC 9303, Machine Readable Travel Documents, Seventh Edition. This paved the way for the introduction of biometric data within MRTDs. There is one very important point to bear in mind. The inclusion of biometric data is not mandatory. Individual issuing authorities may decide whether to include, or not, biometric data within their MRTDs. I can say with almost 99.99% certainty, Thai Immigration are currently hyping the term biometrics to possibly justify their considerable capital investment in the new system which they have recently purchased. Most of the detections which they attribute to biometric data are in fact as a result of the facial recognition system which they have had for some considerable time. Before you ask “And you know because?”. I spent 10 years of my life working on the eBoarder control project, which was a joint project between NSA and GCHQ following 911. I was a principle project officer responsible for the design, development and installation of many of the eBoarder control systems (including MRTD and APIS) which are currently used throughout the world today. Shortly before my retirement in 2013, I was awarded a CBE for my contribution to security. 1 Link to comment Share on other sites More sharing options...
Tayaout Posted October 12, 2019 Share Posted October 12, 2019 (edited) Most ponzi scheme still use fiat money. Cryptocurrencies are simply more efficient at moving money so it makes sense that criminals are switching to them. There is also a lot of hype with the words "crypto" and "blockchain" as with "biometrics". It sounds good but it's more about marketing buzzwords than the technology itself. Edited October 12, 2019 by Tayaout Link to comment Share on other sites More sharing options...
thejcb Posted October 12, 2019 Share Posted October 12, 2019 เสร The Missing Cryptoqueen - Introducing The Missing Cryptoqueen - BBC Sounds https://www.bbc.co.uk/sounds/play/p07nklnm Link to comment Share on other sites More sharing options...
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