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DeepNewz, mobile.
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China's Ministry of Public Security announced the extradition of a Chinese national, surnamed Zhang, from Thailand. Zhang is suspected of organizing and leading a pyramid scheme involving more than 100 billion yuan ($14 billion). This marks the first financial criminal suspect extradited to China from Thailand. The extradition was part of a broader crackdown on cross-border economic crimes, including a joint operation with Myanmar that led to the transfer of 307 Chinese nationals suspected of telecom and internet fraud back to China. The extradition was conducted by the "Fox Hunt" working group and took place on Tuesday. Zhang's scheme was associated with the MBI Group.
China extradites $14 billion crypto pyramid scheme mastermind from Thailand https://t.co/9IaXXqUBdW
The Ministry of Public Security announced on Friday that its "Fox Hunt" working group successfully extradited a major economic suspected criminal surnamed Zhang, who was allegedly involved in organizing and leading pyramid scheme activities, from Thailand back to China on Tuesday… https://t.co/CzvjE9kzvX
🚨#SCOOP 🚨 My team at @bbcworldservice Global #China Unit spent nearly a year investigating how scammers conned victims in China out of millions of dollars, based from the unlikely location of the Isle of Man. More incoming...🧵 #Scam https://t.co/mb98JidsRy
