Summary
- Two Chinese suspects were reportedly arrested in Thailand in connection with a cryptocurrency multilevel investment scam.
- Reported losses in the case exceeded 3.2 billion baht (about $92 million).
- Thai authorities said they had revoked the pair's permission to stay in the country and were proceeding with their deportation to China.
Forecast Trend Report by Period
Thai authorities have arrested two Chinese nationals in connection with an alleged cryptocurrency multilevel investment fraud scheme.
Odaily reported on November 15 that Thailand's Immigration Bureau arrested a 52-year-old Chinese man and a 28-year-old Chinese woman in Bangkok's Rama 9 area on November 12. The pair are accused of luring victims with cryptocurrency investments as part of a multilevel fraud operation.
Losses linked to the case exceeded 3.2 billion baht, or about $92 million, the report said.
The two had been wanted since December 18 last year by public security authorities in Changde, Hunan province, China.
Thai authorities have revoked their permission to stay in the country and are proceeding with their deportation to China for further investigation and legal action.
Uk Jin
