Picnic of a Chinese Ponzi scheme network wished in China for cybercrime, fraud, and investment scams, has been apprehended by immigration police. The 35 year old particular person, identified solely as Zhao, was arrested following coordination between the Chinese embassy in Bangkok and the Immigration Bureau (IB).
Zhao and his associates operated an investment agency that lured folks into a Ponzi scheme by promising excessive returns of up to 10%, defrauding victims of greater than 150 billion baht.
Immigration Bureau commissioner, Pol. Lt. Gen. Pakphumpipat Sajjaphan, revealed at a press briefing yesterday that authorities are investigating previous transactions to recover the remaining belongings worth around 75 billion baht. Sajjaphan added that Zhao was the right-hand man of the network’s alleged mastermind.
The arrest happened during a raid on a condominium on Rama IX Road in Huai Khwang district, where cell phones and computers were confiscated and Zhao’s visa was revoked, reported Bangkok Post.
In a separate case, three Chinese nationals were arrested based on info from a Bangkok man.
One of the people, 35 year outdated Yan Fang, was apprehended at a condominium in Huai Khwang district for reportedly evading round 125 million baht in taxes. The different two, 44 yr old Qing Yi and forty five yr outdated Yuan, have been wanted for smuggling 15 tonnes and 474 tonnes of plastic waste, respectively.
In March, Cyber Crime Investigation Bureau (CCIB) Pol. Col. Krisana Pattanachar busted a gaggle of suspects involved in a Ponzi schemepolice. Elusive added that over 1,000 individuals had invested more than 1 billion baht within the scheme.
The CCIB arrested seven individuals and seized several assets from two companies that allegedly operated a Ponzi scheme luring folks to put money into mushroom, bee, and kratom farming, promising unrealistically excessive returns, Thai PBS reported. The two companies are Mining Mine X Company, and Lak Si Station Limited Partnership..