Thailand Cracks Down on Regional Scam Networks, Seizing $300m in Assets
In a major operation against regional scam networks, Thailand has seized assets worth over $300 million and issued arrest warrants for 42 individuals. The move is part of a broader crackdown on online fraud that has become a significant concern in parts of Southeast Asia.
The seizures and arrests involve several high-profile targets, including Chinese-Cambodian tycoon Chen Zhi, who heads the US-sanctioned Prince Group. Chen, who is also facing indictment by the US for alleged wire fraud conspiracy and money-laundering conspiracy, could not be reached for comment. Last month, Prince Group denied any involvement in illegal activity.
Other individuals linked to transnational online scam operations include Cambodian nationals Kok An and Yim Leak. Authorities have seized shares in major companies, including Bangchak Corporation, which is valued at over $188 million. The company has stated that it will cooperate with authorities and maintain transparency.
The operation involves several key players and assets, including:
* Seizures worth 10,157 million baht ($318 million)
* 42 arrest warrants issued by the criminal court
* Assets tied to Chen and his associates, including information on online fraud, human trafficking, and money-laundering networks
Regional scam networks have become a significant concern in parts of Southeast Asia, with hundreds of people detained for alleged involvement. The crackdown is part of a broader effort to combat online fraud and human trafficking.
The move follows similar actions taken by authorities in Hong Kong and Singapore, who have frozen or seized assets linked to the Prince Group worth $354 million and $116 million respectively. Chen's whereabouts are currently unknown.
The Thai government has stated that it will continue to take action against regional scam networks and those involved in online fraud. The operation is a significant step towards combating this growing concern in Southeast Asia.
In a major operation against regional scam networks, Thailand has seized assets worth over $300 million and issued arrest warrants for 42 individuals. The move is part of a broader crackdown on online fraud that has become a significant concern in parts of Southeast Asia.
The seizures and arrests involve several high-profile targets, including Chinese-Cambodian tycoon Chen Zhi, who heads the US-sanctioned Prince Group. Chen, who is also facing indictment by the US for alleged wire fraud conspiracy and money-laundering conspiracy, could not be reached for comment. Last month, Prince Group denied any involvement in illegal activity.
Other individuals linked to transnational online scam operations include Cambodian nationals Kok An and Yim Leak. Authorities have seized shares in major companies, including Bangchak Corporation, which is valued at over $188 million. The company has stated that it will cooperate with authorities and maintain transparency.
The operation involves several key players and assets, including:
* Seizures worth 10,157 million baht ($318 million)
* 42 arrest warrants issued by the criminal court
* Assets tied to Chen and his associates, including information on online fraud, human trafficking, and money-laundering networks
Regional scam networks have become a significant concern in parts of Southeast Asia, with hundreds of people detained for alleged involvement. The crackdown is part of a broader effort to combat online fraud and human trafficking.
The move follows similar actions taken by authorities in Hong Kong and Singapore, who have frozen or seized assets linked to the Prince Group worth $354 million and $116 million respectively. Chen's whereabouts are currently unknown.
The Thai government has stated that it will continue to take action against regional scam networks and those involved in online fraud. The operation is a significant step towards combating this growing concern in Southeast Asia.
its crazy how these scammers think they can just operate with no consequences lol theyre gonna have to take it from me too tho, cant wait 2 see what happens next 
300m is a lotta cash btw, i guess they had 2 do something about it. and its interesting 2 see chen zhi got some heat on him too, wire fraud conspiracy and all that jazz 
I'm like, totally stoked that Thailand is finally taking some real action against these shady online scam networks. It's about time someone cracked down on these guys who think they can just swindle people out of their hard-earned cash 
And Thailand's not the only one dealing with this problem - Hong Kong, Singapore, and all these other places are getting in on the action too.
Not just Chen Zhi, but everyone else involved in these scams. We can't let them get away with it 
i mean 300m in assets seized is no joke, that's like wow 
and the fact that prince group is involved is crazy 
and it's not just thai authorities either, hong kong and singapore are all in on it too 
let's hope these scams get shut down for good 
This Thailand crackdown on regional scam networks is like, a total "catching the other side" move, you know? They're going after the big players, like Chen Zhi's Prince Group, and saying they want to combat online fraud, but are we talking about a genuine effort or just trying to flex our muscles? 
I mean, $300m in assets is a lot of money, but what about the systemic issues that lead to these scams in the first place?