Six individuals associated with a Thai-African swindling conglomerate are apprehended for duping a Japanese corporation out of 228 million baht.
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Kickin' it old school! A six-member fraud squad, comprising five Thais and a Ghanaian, landed themselves in cuffs over a 228 million baht swindle. The masterminds duped a Japanese firm into transferring the big bucks, only to see officers from the Cyber Crime Investigation Bureau (CCIB) swing by and shut 'em down.
The team's roster took a hit when officers swooped in on suspects in Bangkok, Nakhon Pathom, and Nonthaburi. Two other crew members, a Thai and another Nigerian, scurried off like rats in a cornered hole. Warrants are currently out for their whiskers.
The CCIB nabbed these scammers on fraud charges, and the smart alecs were able to pocket a cool 13 million baht before the heat was on. The rest of the loot? CCIB froze it, saving the Japanese firm from a considerable loss.
The gang's m.o.? They set up a Thai company as bait, luring the Japanese firm into parting ways with their cash. Investigators are keeping their eyes peeled for the possibility that the Thai company was just a front for another gang-owned operation.
Intriguingly, the fraudsters infiltrated a South Korean partner company, using its name to set up their Thai operation. They then hacked the emails of the South Korean partner and sent invoices to the Japanese firm. Yikes! The Japanese firm, clearly caught by surprise, transferred the moolah to the Thai company. But the eagle-eyed auditors of the Japanese firm caught the fishy transactions and called in the CCIB.
Aw, shucks! Caught red-handed, the fraudsters didn't stand a chance. Foreign scams often involve complex tactics like email hijacking and dummy companies. In this case, the Thai-Ghanaian squad allegedly hacked emails, created a fake transaction, and laundered the money with crypto and money changers. But this Q&A with the CCIB spilled the beans, leading to the takedown of the scammers. Let's hope the remaining members meet their match soon!
In the ever-evolving landscape of general-news, a recent development involves the arrest of a transnational cybersecurity breach gang, led by a mix of Thai and foreign nationals. The digital infiltration they perpetrated, involving email hijacking and the creation of dummy companies, poses a significant threat to the tech-driven economy and crime-and-justice system.
