Police in Bangkok arrested the 48-year old Mana Jumuang who was allegedly involved in a 500 million Baht crypto scam. Mana and his team scammed people in 10 Asian countries, including South Korea and Vietnam. The gang persuaded people to invest in cryptocurrencies through them.
Mana Jumuang is said to be the leader of the group who carried out the crypto scam for two years. He calls himself the “cryptocurrency wizard.” According to the Bangkok Post report gang, members had individual roles which varied from opening bank accounts and claiming to be digital asset investors.
It is alleged that Mana used investors money to buy land in Phichit province. The gang comprised of three Thais and four Vietnamese people. Police reported that 4 Vietnamese had already fled the country and they are looking for the other two gang members.
People who invested their money with the gang got return initially but later they were unable to contact any of the members. Victims reported a total loss worth of 500 million Baht which equals to more than $16 million.
