- Crypto Scammer Arrested in Bangkok
A 50-year-old man who is believed to have scammed Thai and foreign investors was confiscated in Bangkok. As per the data provided by Bangkok post, “The man was fleeing the country with over 500 million baht ($15 million).
The commander of the Crime Suppression Division (CSD), Major general Montri Thetkhan, informed that Mana Jumuang, along with its accomplices, has fraud investors in 2018 and 2019. Jumuang projected himself as an investment guru and deceived investors into investing in Onecoin by promising a 400% return in 200 days.
Additionally, Jumuang also claimed to run stores on the trading platform for Onecoin, including clothes, houses, gold, cosmetics, cars, food supplements, and land plots.
initially offered a return to its investors, but with the increase in the number of investors and the investment amount reaching more than 500 million baht, Jumuang and his associates disappeared.
At this point, it cannot be said for sure if the Jumuang fraudulent crypto scheme is connected with the Onecoin Ponzi scheme.
Disclaimer: The article is just to provide information and shouldn’t be considered as any financial advice. It is advisable to conduct thorough research before investing in any cryptocurrency.
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