CCIB nabs five in 2.7 billion baht cryptocurrency scam

[webfact]

 

The Cyber Crime Investigation Bureau (CCIB) has apprehended four individuals from China and one from Laos in relation to a cryptocurrency scam, resulting in a loss of over 2.7 billion baht. The fraudulent scheme operated via an investment platform called bchgloballtd.com and has reportedly deceived at least 3,280 people.

 

The victims, who began stepping forward in November last year, were tricked into investing in gold and the cryptocurrency USDT. A thorough investigation by the CCIB revealed that many orchestrators of the cryptocurrency scam were also involved with other deceptive platforms. International law enforcement agencies, including Homeland Security Investigation, collaborated to secure arrest warrants for the five suspects.

 

The quintet is being held accountable for collusion in committing transnational crimes, public fraud, disseminating false information into computer systems, and money laundering. Legal proceedings against them were initiated by the Office of the Attorney General on August 10. Subsequently, on September 4, the Anti-Money Laundering Office seized their properties, valued at 585 million baht.

 

by Mitch Connor

Photo: analyticsinsight.net

 

Full story: https://thethaiger.com/hot-news/crime/ccib-nabs-five-in-2-7-billion-baht-cryptocurrency-scam-affecting-over-3000

 

-- The Thaiger 2023-09-11

 

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[Henryford]

A crypto scam - surely not.

[ukrules]

What happened to the gold?

[RichardColeman]

9 hours ago, webfact said:

International law enforcement agencies, including Homeland Security Investigation

Sure hope that these scammers do time in thailand and then get sent to every country of every victim to serve more time