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Thai Man Has Been Arrested For Alleged $16 Million Crypto Fraud

A Thai was arrested for alleged involvement in a chain of criminal cryptocurrency that escaped investors at 500 million baht (more than $ 16 million).

Mana Jumuang, aged 48, was arrested as part of an operation to apprehend criminals responsible for a scheme that encouraged people to invest in cryptocurrencies. Wednesday.

Police General Jiraphop Phuridet, commander of the Crime Suppression Division, said in the report that the group consisted of three Thai nationals and four Vietnamese. The police are still looking for two Thai members, while the Vietnamese have left the country.

Mana would have dubbed the "magician of cryptocurrency" and would have spent some of the money from investors for the purchase of land.

According to the report, the victims of this scheme may have come from more than 10 Asian countries, including South Korea and Vietnam.

Police car image via Shutterstock

This article is republished from dailycoin.info.

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