Chinese couple nabbed in Bangkok behind US$288mil hybrid scam: Police

BANGKOK (The Nation/Asia News Network): Police say a Chinese couple arrested at a luxury house in Bangkok's Prawet district on Tuesday (May 30) is behind a hybrid scam that may have netted more than 10 billion baht (US$288 million) from Thais and foreigners.

Police confiscated more than 1.5 million baht in cash at the address, plus land title deeds worth over 180 million baht, 14 Bearbrick dolls, six iPhones, an iPad, MacBook and luxury bags. The Chinese couple, aged 31 and 25, was charged with operating the online investment scam, as well as money laundering.