Thai Woman Arrested at Airport Over 800 Million Crypto Investment Scam

[Georgealbert]

 

Picture of arrest.

 

A woman linked to a multi-million-baht cryptocurrency scam was arrested at Don Mueang International Airport. She is accused of working with a Malaysian syndicate that defrauded investors through a fake stock trading app, causing losses of 800 million baht.

 

Police Major General Thatphoom Jaruprach, head of the Economic Crime Suppression Division, ordered the arrest of 35-year-old Nitcharata  under a warrant issued by the Criminal Court on 25 April 2024. She faces multiple charges, including fraud, computer-related deception, and involvement in a transnational criminal organisation.

 

Authorities had previously arrested several Malaysian nationals involved in the scam, which lured victims into investing in stocks via a fraudulent online platform. Investigators later discovered that a network of Thai women, many of whom had worked in entertainment venues in Kuala Lumpur, played a key role in the scheme. They allegedly set up bank accounts and digital asset wallets to receive and convert fraudulent proceeds into cryptocurrency before transferring them to the gang’s leaders.

 

Police identified Nitcharata as one of the key account holders. She had reportedly been hiding in Malaysia but was apprehended upon returning to Thailand, on 20 February.

 

During questioning, she denied any involvement in the scam but admitted to opening cryptocurrency and bank accounts for her Malaysian husband, claiming she was unaware of their illegal use. She has been handed over to the Economic Crime Suppression Division for further legal proceedings.

 

-- 2025-02-21

 

[hotchilli]

7 hours ago, Georgealbert said:

Police identified Nitcharata as one of the key account holders. She had reportedly been hiding in Malaysia but was apprehended upon returning to Thailand, on 20 February.

Dumb move....

[newbee2022]

7 hours ago, Georgealbert said:

 

Picture of arrest.

 

A woman linked to a multi-million-baht cryptocurrency scam was arrested at Don Mueang International Airport. She is accused of working with a Malaysian syndicate that defrauded investors through a fake stock trading app, causing losses of 800 million baht.

 

Police Major General Thatphoom Jaruprach, head of the Economic Crime Suppression Division, ordered the arrest of 35-year-old Nitcharata  under a warrant issued by the Criminal Court on 25 April 2024. She faces multiple charges, including fraud, computer-related deception, and involvement in a transnational criminal organisation.

 

 

Authorities had previously arrested several Malaysian nationals involved in the scam, which lured victims into investing in stocks via a fraudulent online platform. Investigators later discovered that a network of Thai women, many of whom had worked in entertainment venues in Kuala Lumpur, played a key role in the scheme. They allegedly set up bank accounts and digital asset wallets to receive and convert fraudulent proceeds into cryptocurrency before transferring them to the gang’s leaders.

 

Police identified Nitcharata as one of the key account holders. She had reportedly been hiding in Malaysia but was apprehended upon returning to Thailand, on 20 February.

 

During questioning, she denied any involvement in the scam but admitted to opening cryptocurrency and bank accounts for her Malaysian husband, claiming she was unaware of their illegal use. She has been handed over to the Economic Crime Suppression Division for further legal proceedings.

 

-- 2025-02-21

 

Obviously money invested in bitcoins is lost.

I'm not sure if staying in a Thai jail for a couple of years is worth to enjoy 800 mill sometimes or never?

[Ctkong]

Maybe be related to ACCERX scam in Malaysia where 49 individuals were indicted.