Bangkok: Cyber police have arrested a gang of foreign scammers who tricked Thai women into investing in stocks, resulting in losses of over 11 million baht. The case is believed to be a money laundering operation, with the funds allegedly being used to export gold abroad.
According to Thai News Agency, the scammers specifically targeted senior citizens, exploiting their trust and lack of experience in stock investments. The operation was sophisticated, with scammers posing as financial experts who promised lucrative returns on investments. Victims were convinced to transfer significant amounts of money, which the scammers then laundered through various channels.
Investigations revealed that the gang was operating from multiple locations, making it challenging for authorities to track them down. However, coordinated efforts by the cyber police led to the successful apprehension of the suspects. The authorities are now focusing on tracing the flow of money to recover the funds and prevent further scams of this nature.
The arrest highlights the ongoing issue of financial scams targeting vulnerable populations, emphasizing the need for increased awareness and preventive measures. Authorities are urging the public, especially senior citizens, to remain vigilant and to verify any investment opportunities with credible financial advisors before proceeding.