Chinese couple arrested in Bangkok as part of a crackdown on crypto money trading scams

[webfact]

 

Police from the Cyber Crime Investigation Bureau (CCIB) raided about 20 locations in Bangkok today (Wednesday), to crack down on a major crypto currency trading scam, which has allegedly cheated many investors out of billions baht.

 

The police arrested the couple on fraud charges and seized more than a million baht in cash in their possession at a luxury residence in the Srinagarind area.

 

Police also raided 10 other houses in the same estate, each of which is estimated to have cost between 35 and 60 million baht.

 

Full story: https://www.thaipbsworld.com/chinese-couple-arrested-in-bangkok-as-part-of-a-crackdown-on-crypto-money-trading-scams/

 

-- © Copyright Thai PBS 2023-06-01

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

[flyingtlger]

It seems like a good number of people on Tinder or any of the major dating sites are crypto scammers.  Lock them up and throw away the keys!

[hotchilli]

4 hours ago, webfact said:

The police arrested the couple on fraud charges and seized more than a million baht in cash in their possession at a luxury residence in the Srinagarind area.

 

Police also raided 10 other houses in the same estate, each of which is estimated to have cost between 35 and 60 million baht.

Chinese dark practices are on the increase.

[Kaopad999]

Well done & keep up the good work. So many online scammers these days. 

Edited June 1, 2023 by Kaopad999

[Kaopad999]

5 hours ago, flyingtlger said:

It seems like a good number of people on Tinder or any of the major dating sites are crypto scammers.  Lock them up and throw away the keys!

Yeah, when i was using Tinder, there were laods of these type of profiles. 

[JeffersLos]

6 hours ago, webfact said:

Police also raided 10 other houses in the same estate, each of which is estimated to have cost between 35 and 60 million baht.

Will the police move their families or mia nois in?

[webfact]

2 Chinese arrested for international hybrid scam after searches on luxury homes in Prawet, Bangkok
by Namo Vananupong

 

   
BANGKOK (NNT) - The police have arrested two Chinese suspects who were allegedly involved in an international investment scam that has caused as much as 10 billion baht in damages worldwide. The arrests were made after a search of several luxury homes in Prawet district of Bangkok.

 

Officials from relevant agencies carried out the “Trust No One” operation involving searches in 19 locations in Bangkok. The search sites of particular interest were luxury homes in Prawet district. The values of the homes ranged from 35 to 60 million baht.

 

During the searches, two Chinese suspects were arrested for defrauding the public and money laundering. 1.5 million baht of cash was seized, along with housing estate property deeds worth 60 million baht, condo title deeds worth 128 million baht, 14 Bearbrick figures, 6 iPhones, and a number of iPads, Macbooks, and brand-name purses.

 

Police officers also inspected 16 other sites in the housing estate where the target search locations were situated. Luxury cars, documents, property deeds, and cash were seized during these inspections.

 

The operation was initiated after police received information from victims, who alleged that scammers had used fake social media profiles to get acquainted with them. The scammers then encouraged them to invest in fake digital currency or assets trading platforms, in what is known as “hybrid scams”. According to the police, 35 million baht of damages have been incurred on Thai victims.

 

Thai officials have also coordinated with the US’s FBI, Secret Service, and Department of Homeland Security on the matter, as there are two cases in the US and one case in the UK that involved this network of scammers – the damage value from the 3 cases amount to about 1 billion baht. The officials believe there are many more victims and that the total value of losses has likely reached 10 billion baht.

 

Source: https://thainews.prd.go.th/en/news/detail/TCATG230601091856032

 

-- © Copyright NNT 2023-06-01

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

[2baht]

13 minutes ago, webfact said:

Police officers also inspected 16 other sites in the housing estate where the target search locations were situated. Luxury cars, documents, property deeds, and cash were seized during these inspections.

 

Seems to be as many Chinese gangsters as there are local gangsters these days!

[Emster23]

all crypto is scam material. There is no "there" there, there is nothing of inherent value. It's a ponzi scheme without a central figure raking in the dough is the only difference.

[aussienam]

The type of scam these Chinese were running is called the "Pig Butchering Scam" known as  'sha zhu pan', (杀猪盘). Chinese mafia syndicates operate it and it rakes in billions of dollars globally.  Obviously a huge problem that has ruined many lives and not enough is being done about it.  Needs more international collaboration to get more results.

[bendejo]

t

 

That outfit alone is enough to get him locked up!

 

Edited June 2, 2023 by bendejo

[John Drake]

32 minutes ago, bendejo said:

t

 

That outfit alone is enough to get him locked up!

 

What the heck is he wearing? Was he arrested in his pajamas? Or does he go out on the street dressed like that?