Thailand – ‘CryptoCurrency Wizard’ Arrested

Thai man touted ‘ Wizard’ was for stealing $16 M from investors

The Thai Mana , known professionally under the pseudonym ‘ Wizard’ in Bangkok last week. , 48 years old, was a well-known member of the circles in the Thai capital, making a name for himself as a gifted investor and perhaps the biggest expert in the investments in .

According to the authorities, it was all just a scam. The Thai suspect that was a part of a criminal group operating across Asia, scamming thousands of people from at least 10 Asian countries over the span of the last two years.

Wizard – Finleaks

The ‘genius’ investor and his lucrative opportunities were no more than a . The gang was part of located investors online in various forums and groups, introduced them to the ‘ wizard’ who in turn urged them to make hefty investments in and offering the investors various intermediary services such as opening a bank account and an e-wallet for them. The ‘wizard’ promised the investors a quick return on their and for a while he was able to make good on his promise, giving some of his investors a good return for their initial while urging them to invest more.

As time went on and funds scarcer, returns grew smaller before stopping altogether and the ‘wizard’ vanished. According to the charges as the business was slowing, Jumuang stole over $16 M from his investors and used it to purchase personal goods among them a sizeable land in the region of Pichit.

The remaining members of his gang remain at large and the Thai are trying to apprehend them and bring them to trial.

We would like to remind our readers to make investments only through reputable organizations and investors and remain suspicious of any get-rich-fast offered to them. Investments are a science, not magic, learn more about the investments before putting any money in the game, because sometimes even self-proclaimed wizards can make your hard-earned money disappear.

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