A 48-year-old Thai man, who is himself the “cryptocurrency wizard”, which is in Bangkok, was arrested for his role in the fraud cases, which have a value of no less than 500 million baht (16.3 million dollars).
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A criminal organization
The Bangkok Post, the Thai police, yesterday, the first floor Jumuang on the table. Or, mr. “cryptocurrency wizard himself. On the 23rd of August, there was an arrest warrant for him was issued. Yesterday, he was in the Huai Khwang district in Bangkok, was arrested while he was a football to play.
According to the Jiraphop Phuridet, commander of Bangkok Police’s Crime Suppression Division and will be Jumuang has been accused of being part of a Thai-Vietnamese organised criminal group in which, in at least 10 Asian countries and the victims it has created. The group focuses on South Korea, and Vietnam, among others. In addition, four of the suspects are from Vietnam came, and the three from Thailand, including a magician, Jumuang.
On the run
The defendants are trying to victims to get in cryptovaluta to invest in it. Each member of the group, it also has a specific role to be taken by them, for instance, that of an investor, or someone who has the bank account open. The victims received, initially the rate of return on their investment, but that it is in contact with the group, and then abruptly dropped.
The total amount of reported losses, is estimated at about 500 million baht (16.3 million dollars). Jumuang of the accused that he was a part of the money has been spent on the purchase of the land in the province of Phichit in Thailand. The police department also works with the other two Thai suspects have to figure it out. The four Vietnamese members, according to the police commander in the country, had to flee.
Popular and well-respected business
The first floor Jumuang may very well be an independent name for himself, having invented, for millions and millions of dollars of damage have been done, and the most famous of Thai the case of fraud, with cryptovaluta did at the start of last month.
The 27-year-old Thai soap opera star, Jiratpisit Tree Jaravijit, was arrested on charges of money laundering. He was, along with six accomplices, including his brother and sister.
In that case, it was about less than 797 million and baht 24.6 million dollars). The group is trying – with success – for foreign investors to invest in the so-called “Dragon Coins”. However, it was due to the investors ‘ investment bitcoin is not the particular token is made, but is immediately converted to the Thai baht. The investors have obtained any return, and for the money they were singing.
Source: Bangkok Post, Coin Telegraph
(Photo: Bangkok Post
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