Chinese money laundering gang busted in Thailand! 10 arrested, involved in 6.5 billion Thai Baht case, luxury villas and designer bags seized!

On February 18th, the Central Investigation Bureau (CIB) of Thailand issued a notice, successfully dismantling a transnational money laundering gang and arresting 10 criminal suspects. The gang primarily used social media and fraudulent recruitment methods to lure victims into participating in tasks like liking and boosting followers under the guise of "easy money-making" schemes, which were actually used for large-scale money laundering.

According to the investigation, the leader of the gang is a Chinese national who has been conducting transactions through USDT (Tether) since 2023, with a total laundered amount reaching 6.5 billion Thai Baht (approximately 187 million USDT), of which 2.9 billion Thai Baht has been converted into cash.

During the operation, the police seized luxury villas, designer bags, a large amount of cash, and other illegal assets owned by the gang. The case is still under further investigation.