Man held for B500m crypto rip-off
Accused ‘Onecoin’ mastermind had been on the stir since leaping bail after first arrest in 2019
published :
25 Dec 2021 at 18: 13
A 50-year-weak man accused of duping Thais and foreigners into investing in cryptocurrency and later fleeing with over 500 million baht changed into once arrested in Bangkok on Saturday morning.
Mana Jumuang changed into once arrested in front of a dwelling at Ram Intra Soi 34 in Bang Khen district, acknowledged Pol Maj Gen Montri Thetkhan, commander of the Crime Suppression Division (CSD).
Mr Mana changed into once wanted on an arrest warrant issued by the Phichit provincial courtroom on Dec 23 for colluding in public fraud.
The suspect allegedly colluded with Thai and Vietnamese accomplices to swindle folk in 2018 and 2019 by claiming to be digital currency merchants, acknowledged Pol Maj Gen Montri.
Mr Mana claimed to be a cryptocurrency guru and promised high returns to appeal to victims. He once urged them that if they invested for factual 200 days, they’d unprejudiced affect a 400% return, acknowledged the CSD chief.
The perpetrators persuaded folk to put money into a digital currency known as Onecoin and claimed they ran retail outlets to promote goods on a shopping and selling platform for the currency. The merchandise on offer integrated the entirety from homes, autos and land plots to gold, food supplements, beauty merchandise and garments.
With promises of high and energetic returns within the create of gold, Mercedes-Benz sedans and houses, many other folks, every Thais and foreign nationals, invested with the suspect, acknowledged Pol Maj Gen Montri.
Correct by the initial stag, the suspect paid dividends to merchants. But as the amount of merchants saved rising and the amount invested totalled 500 million baht, the suspect and his colleagues could perhaps well no longer be contacted.
The broken events filed complaints with police at several stations. A warrant changed into once issued for Mr Mana’s and CSD officers caught up with him in slack 2019.
He changed into once dropped at courtroom and launched on bail nonetheless later jumped bail and one other warrant changed into once issued for his arrest, acknowledged the CSD commander.
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