Chinese woman arrested for 150 million baht Ponzi scheme

[snoop1130]

 

A Chinese woman involved in a Ponzi scheme that caused over 150 million baht in damages to victims has been arrested at a condominium in Pattaya, Chon Buri province.

 

According to Deputy Chief of the Immigration Bureau (IB), Police Major General Panthana Nuchanart, the 24 year old scammer, identified only as Hu, was apprehended by immigration police at a condominium on Pattaya Sai 2 Road.

 

Hu, when asked to present her passport, claimed it was missing. She was taken to the Chon Buri Immigration Office where officers checked her fingerprints in the biometric system and discovered she had no record of entering the country. Consequently, Hu was charged with illegal entry into the Kingdom of Thailand.

 

 

The IB coordinated with the Chinese embassy in Thailand and learned that Hu was wanted on public fraud charges related to a Ponzi investment scheme in China. Panthana stated that Hu had deceived many Chinese individuals into investing approximately 150 million baht collectively in a fraudulent stock share investing scheme.

 

During questioning, Hu admitted to having sneaked into Thailand via a natural border crossing near the Golden Triangle area in Chiang Rai province. She was subsequently handed over to investigators at Pattaya City police station for further legal action, reported Bangkok Post.

 

By Ryan Turner

Image courtesy of Immigration Bureau

 

Source: The Thaiger 2024-06-28

 

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[Classic Ray]

Another case of Hu done it.

[motdaeng]

at 24 years old ... well, well ...

[mikebell]

15 hours ago, snoop1130 said:

150 million baht collectively in a fraudulent stock share investing scheme.

Surely this is sufficient to have rented a nice house AND had enough to pay the 'fine' from the IB; how did they decide to raid that particular condo?  Surely not Hu's 90 day reporting failure?

[newbee2022]

1 hour ago, motdaeng said:

at 24 years old ... well, well ...

Skilled, almost very skilled.

Where are the 150 mill? 🙏

[tomazbodner]

21 minutes ago, mikebell said:

how did they decide to raid that particular condo?  Surely not Hu's 90 day reporting failure?

How could she report?

 

15 hours ago, snoop1130 said:

Hu admitted to having sneaked into Thailand via a natural border crossing near the Golden Triangle area in Chiang Rai province.

 

[mikebell]

23 hours ago, tomazbodner said:

How could she report?

 

 

Sarcasm goes over the heads of children.

[Jack100]

On 6/29/2024 at 8:21 AM, newbee2022 said:

Skilled, almost very skilled.

Where are the 150 mill? 🙏

I wish my wife was that smart ! 

[JeffersLos]

On 6/28/2024 at 4:40 PM, snoop1130 said:

She was subsequently handed over to investigators at Pattaya City police station for further legal action

 

And possible employment. 

[ChipButty]

What made them raid that condo? half a story again

[jacko45k]

15 hours ago, ChipButty said:

What made them raid that condo? half a story again

A secret maybe to help with future arrests... but usually the police are handed the case on a plate by a victim. 

[watchcat]

On 6/28/2024 at 9:40 AM, snoop1130 said:

She was subsequently handed over to investigators at Pattaya City police station for further legal action

 

Including deportation I hope....