Thai police recently arrested a Vietnamese woman suspected of being a key figure in a cryptocurrency and forex fraud ring. She had previously conducted large-scale investment scams in Vietnam, resulting in over 2600 victims and causing losses amounting to 300 million USD (approximately 90 billion TWD). After fleeing to Thailand, she was apprehended.

According to the Bangkok Post, the Crime Suppression Division (CSD) arrested 30-year-old Ngo Thi Theu, also known as "Madam Ngo," in a hotel in the Watthana district of Bangkok on the 23rd. She was wanted by Vietnamese authorities and Interpol for serious charges, including fraud.

Police indicated that Ngo Thi Theu was a central player in the crime syndicate, which lured Vietnamese citizens into forex and cryptocurrency investments, promising high returns of 20% to 30% per month. The ring employed tactics similar to a pyramid scheme, and over 2600 people fell victim, with illicit profits amounting to at least 300 million USD. Reports suggest that the scam group initially allowed victims to make small profits to build trust, but once they invested larger sums, they disappeared completely.