Vietnamese authorities have arrested “Madam Ngo,” the Interpol-wanted scammer who promoted bogus crypto schemes that lured over 2,000 victims into giving up $300 million.
As reported by native information retailers, 30-year-old Ngo Thi Theu was a part of a 1,000-strong prison group that promised victims 20-30% returns however prevented them from withdrawing any obvious earnings.
Theu, who reportedly employed mules to ship funds to Vietnamese nationals, fled to Thailand after she was positioned on Interpol’s needed record and charged with concealing her crimes by Vietnamese police.
Learn extra: Hundreds enslaved in Cambodia to run pretend ICOs and scams
Thailand’s Crime Suppression Division (CSD) arrested Theu in a Bangkok lodge alongside her two bodyguards. After questioning from the CSD, she confessed to selling the crypto scheme and claimed her share of earnings had been laundered via Vietnamese actual property.
A big majority of crypto scams are orchestrated by gangs in Southeast Asia. Earlier this yr, authorities in Thailand reduce off the facility provide to Myanmar in a bid to weed out rip-off compounds situated alongside the border.
Hundreds of victims have been enslaved in these compounds, one in all which was linked to $100 million value of Tether obtained from pig-butchering scams.
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