cryptocurrency fraud

OneCoin Fraudster Sebastian Greenwood Sentenced to 20 Years in US Prison

In 2014, Sebastian Greenwood, a dual citizen of Sweden and the United Kingdom, founded OneCoin in Sofia, Bulgaria, alongside Ruja Ignatova, a German citizen also known as the Cryptoqueen. They promoted their cryptocurrency as the next Bitcoin, attracting numerous unwary investors worldwide, including Thailand. However, OneCoin was nothing more than a pyramid scheme, defrauding around 3.5 million people out of $4 billion.

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scam network money laundering

Model and Suspects Deny Involvement in Alleged Scam Network

On September 1, Jakkreena “Kiki Maxim” Chookhaowsri, a model, and eight other suspects were arrested for their alleged involvement in a Chineseled scam network. The Technology Crime Suppression Division (TCSD) took them to the Criminal Court to seek their detention. The suspects were apprehended during a police crackdown operation targeting illegal activities, including cryptocurrency investment fraud, romance fraud, and money laundering.

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money laundering phone scam

Taiwanese Money Laundering Suspect Extradited

A Taiwanese man, Kuo Chemin, suspected of laundering around 3 billion baht (approximately NT$2.7 billion) for phone scammers and online gambling gangs, was arrested in Bangkok on July 27th. He has been extradited to Taipei, where he was handed over to prosecutors on August 10th. The Thai Immigration Bureau police confirmed the news during a briefing on August 18th.

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