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Five foreigners arrested over links to B2.7bn scam

Five foreigners arrested over links to B2.7bn scam

According to the Cyber Crime Investigation Bureau (CCIB), four people from China and one person from Laos have been detained for their part in a cryptocurrency scam that cost victims more than 2.7 billion baht.

At least 3,280 persons, according to CCIB spokesman Kissana Phathanacharoen, have been duped by the bogus bchgloballtd.com cryptocurrency investment website.

In November of last year, he claimed, people started coming forward to the police, alleging they had been tricked into investing in gold and cryptocurrencies like USDT.

Many of the individuals responsible for running the website were also connected to other fraudulent platforms, according to a CCIB investigation. The court finally authorized the arrest warrants for the four Chinese and one Lao suspects after cooperating with Homeland Security Investigation and other foreign law enforcement organizations.

They were all detained for conspiring to conduct international crimes, committing open fraud, falsifying data in computer systems, and money laundering.

The Office of the Attorney General initiated legal action against the five suspects on August 10. The Anti-Money Laundering Office then seized their properties, valued at 585 million Baht, on September 4.

According to Pol Col Kissana, the CCIB will keep in touch with the victims to make sure they are aware of their legal rights.

Additionally, according to Pol Col Kissana, victims can report incidents via www.thaipoliceonline.com and the CCIB’s 1441 hotline.

The CCIB representative claimed that, of all the scams reported to the police, investment fraud has resulted in the most loss of money.

According to Pol Col Kissana, several victims took out a second mortgage on their property or home or placed their entire life savings into the deceptive plan.

Some victims reported encounters with strangers or foreigners who offered them the chance to invest through foreign websites or mobile apps in exchange for sizable, guaranteed profits in a short amount of time.

The CCIB advises the general public to constantly pay attention to the registration number of investment firms. They can use www.checkdomain.thaiware.com to verify the legitimacy of investing websites.

READ MORE https://ccid4.ccib.go.th/

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