Authorities in Thailand arrested five foreign nationals linked with a fraudulent cryptocurrency investment platform that fleeced over $27 million from local investors.
According to an initial report from the Bangkok Post, Thailand’s Cyber Crime Investigation (CCIB) Bureau arrested four individuals from China and one from Laos for orchestrating a fraudulent investment scheme that duped more than 3,200 locals.
The CCIB began investing the operation after affected investors came forward in late 2022, claiming that they had lost investments made through bchgloballtd.com with the assistance of the United States Homeland Security Investigations and other international law enforcement agencies.
The five accused were arrested and charged for colluding to commit transnational crime, public fraud and money laundering.
The Office of the Attorney General in Thailand moved to prosecute the suspects in August 2022, before the anti-money laundering office confiscated 585 million baht worth of personal property from the accused.
CCIB spokesperson Kissana Phathanacharoen said that investment schemes continue to cause the most financial damage of scams reported in the country. Victims are said to invest life savings into the schemes or take out finance on homes or property.
Thailand’s Securities and Exchange Commission issued new requirements in Jan. 2023 for virtual asset service providers in the country aimed at increasing investor protecting and safeguarding user funds held by custody providers.
As a recent Cointelegraph report uncovered, scammers have gone as far as targeting MetaMask users using government-owned website URLs to trick victims and access their crypto wallet holdings.
Labour’s largest union donor, Unite, has voted to suspend Deputy Prime Minister Angela Rayner over her role in the Birmingham bin strike row.
Members of the trade union, one of the UK’s largest, also “overwhelmingly” voted to “re-examine its relationship” with Labour over the issue.
They said Ms Rayner, who is also housing, communities and local government secretary, Birmingham Council’s leader, John Cotton, and other Labour councillors had been suspended for “bringing the union into disrepute”.
There was confusion over Ms Rayner’s membership of Unite, with her office having said she was no longer a member and resigned months ago and therefore could not be suspended.
But Unite said she was registered as a member. Parliament’s latest register of interests had her down as a member in May.
The union said an emergency motion was put to members at its policy conference in Brighton on Friday.
More on Angela Rayner
Related Topics:
Unite is one of the Labour Party’s largest union donors, donating £414,610 in the first quarter of 2025 – the highest amount in that period by a union, company or individual.
The union condemned Birmingham’s Labour council and the government for “attacking the bin workers”.
Mountains of rubbish have been piling up in the city since January after workers first went on strike over changes to their pay, with all-out strike action starting in March. An agreement has still not been made.
Please use Chrome browser for a more accessible video player
2:58
Rat catcher tackling Birmingham’s bins problem
Ms Rayner and the councillors had their membership suspended for “effectively firing and rehiring the workers, who are striking over pay cuts of up to £8,000”, the union added.
‘Missing in action’
General secretary Sharon Graham told Sky News on Saturday morning: “Angela Rayner, who has the power to solve this dispute, has been missing in action, has not been involved, is refusing to come to the table.”
She had earlier said: “Unite is crystal clear, it will call out bad employers regardless of the colour of their rosette.
“Angela Rayner has had every opportunity to intervene and resolve this dispute but has instead backed a rogue council that has peddled lies and smeared its workers fighting huge pay cuts.
“The disgraceful actions of the government and a so-called Labour council, is essentially fire and rehire and makes a joke of the Employment Relations Act promises.
“People up and down the country are asking whose side is the Labour government on and coming up with the answer not workers.”
Image: Piles of rubbish built up around Birmingham because of the strike over pay
Sir Keir Starmer’s spokesman said the government’s “priority is and always has been the residents of Birmingham”.
He said the decision by Unite workers to go on strike had “caused disruption” to the city.
“We’ve worked to clean up streets and remain in close contact with the council […] as we support its recovery,” he added.
A total of 800 Unite delegates voted on the motion.
Binance co-founder CZ has dismissed a Bloomberg report linking him to the Trump-backed USD1 stablecoin, threatening legal action over alleged defamation.