#creattoearn #scam
Vietnamese woman wanted by Interpol for massive cryptocurrency scam arrested in Bangkok, Thailand.
HCM CITY — A 30-year-old Vietnamese woman wanted by Interpol for her involvement in a massive cryptocurrency scam has been arrested in Bangkok, Thailand.
Ngo Thi Theu, known as “Madam Ngo,” is accused of playing a key role in an investment fraud that deceived over 2,600 victims, resulting in losses totalling approximately US$300 million.
Police from the Thai Crime Suppression Division (CSD) arrested the 30-year-old woman at a hotel in the Klong Tan Nuea area last Friday.
She was wanted under an Interpol Red Notice and a warrant issued by Vietnamese authorities for concealing criminal activities.
Vietnamese officials have identified Theu as a key figure in a network that lured people into investing in bogus cryptocurrency and foreign exchange trading platforms.
The group promised enticing monthly returns of 20-30 per cent, leveraging the influence of celebrities and social media figures to gain credibility and attract unsuspecting investors.
Their tactics included hosting seminars and advertising what they claimed were low-risk, high-return opportunities.
Participants were encouraged to recruit others, earning commissions in a structure reminiscent of a pyramid scheme.
Initially, early investors could withdraw small profits, which built trust, but communication would be cut off after larger sums were deposited.
Authorities said that the operation led by a Turkish national involved 35 Vietnamese accomplices and over 1,000 employees working in 44 fraudulent call centres across Việt Nam, including major cities such as Hà Nội, HCM City, Đà Nẵng, and Hội An, as well as in Cambodia's Phnom Penh.
While evading police, Theu continued to funnel proceeds through mule accounts in Việt Nam, transferring funds to accomplices in Thailand and withdrawing cash in substantial amounts, often around 1 million baht ($30,800) each time, to avoid detection.
