Five Arrested for Scheme That Robbed $76,000,000 From Victims of Crypto and Gold Scam: Report - The Daily Hodl

The Daily Hodl
The Daily Hodl

18 Sep 2023 6:45 PM

Five people have reportedly been arrested in Thailand for allegedly fleecing millions of dollars from victims in a crypto and gold investment scheme....

  • Five people, including four Chinese nationals and a Lao citizen, have been arrested in Thailand for allegedly scamming victims in a crypto and gold investment scheme.
  • The scheme involved a fake website that advertised crypto investing, and victims claimed to have been tricked into investing in gold and crypto assets.
  • The suspects were arrested for colluding to commit transnational crimes, money laundering, public fraud, and putting false information into computer systems.
  • Authorities have confiscated over $16 million worth of the suspects' properties.
  • Many victims invested their life savings or took out second mortgages on their properties.
  • The scam involved strangers or foreigners approaching victims and inviting them to invest through online platforms or mobile apps.

The article reports on a fraudulent crypto and gold investment scheme in Thailand, resulting in the arrest of five individuals. The sentiment is negative due to the criminal activities and the financial losses suffered by victims.

Go to publisher site

You May Ask

How many people were arrested in Thailand for the crypto and gold investment scheme?What were the charges against the suspects?How did the victims claim to have been tricked into investing?What was the value of the properties confiscated by authorities?How did the scammers approach their victims?

Suggested Reads