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Thai-Australian police raid boiler room in Samut Prakan, arrest 13 foreigners

Thai-Australian police raid boiler room in Samut Prakan, arrest 13 foreigners

11 Sept 10:58 Key points summarised by AI
  • Thai police, in collaboration with the Australian Federal Police, raided a "boiler room" in Samut Prakan, arresting 13 foreign nationals including Australians, Britons, a Canadian, and a South African.
  • The transnational gang specifically targeted Australian victims, luring them into fraudulent bond investments with promises of high annual interest rates.
  • Operating for about 20 years, the scam allegedly defrauded 14,000 Australians of approximately A$4.45 billion, with most proceeds laundered through cryptocurrency transactions.
  • Arrested suspects, who were working without permits and earning commissions, face charges of criminal association and have been blacklisted from re-entering Thailand.
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