Scam Couple behind NECCORPO Arrested by Thai Authorities

Thai authorities have dismantled a cryptocurrency investment fraud syndicate, arresting a Chinese national and a Thai woman linked to a multi-million baht money laundering operation. The pair, who led an extravagant lifestyle funded by illicit activities, have been connected to 28 separate fraud cases, with total financial damages exceeding 30 million baht.

Commissioner of the Cyber Crime Investigation Bureau, Pol. Lt. Gen. Trairong Phiewpan, spearheaded the “Exit Scam” operation targeting the fraudulent investment ring. The investigation was launched following numerous online complaints from victims deceived into investing in digital assets through a platform operating under the domain https://neccorpo.site/.

Victims were initially lured into the scheme through carefully constructed trust-building tactics. The fraudulent platform promised high returns, initially allowing small withdrawals to reinforce its credibility. Investors who received modest profits, such as a 10,000-baht return on an investment of several hundred thousand baht, were encouraged to invest further. However, as they increased their investments, the platform manipulated profit figures while blocking withdrawals. One victim reportedly lost over 2 million baht.

A thorough investigation led to search and arrest warrants for the key suspects—a 34-year-old Chinese man and a 21-year-old Thai woman. Authorities revealed that the suspects maintained a personal relationship, with the Thai woman, a vendor in Bangkoks Pratunam district, secretly assisting her Chinese partner despite his existing family commitments. She facilitated his financial operations by opening a cryptocurrency account in her name. The couple later established a shoe store in Yaowarat (Chinatown), though their business struggled while their personal wealth and lavish lifestyle flourished.

Authorities believe the male suspect had been operating in and out of Thailand for the past three to four years, frequently traveling to neighbouring countries. His movements, combined with extensive financial transactions, suggest potential ties to transnational cybercrime networks, including call centre scams and large-scale investment frauds.

During coordinated raids on five locations across Bangkok and Samut Sakhon, police seized assets worth over 20 million baht. Confiscated items included 30 collectible Bearbrick figurines, 11 mobile phones, a BMW X1, a Toyota Alphard, a condominium deed, designer clothing, and luxury accessories.

The suspects now face multiple charges, including public fraud by impersonation, computer-related financial crimes, and conspiracy to commit money laundering. Investigators also uncovered critical digital evidence, including more than 5,000 money transfer records processed within a year. Individual transactions ranged from 100,000 to 500,000 baht, with authorities suspecting that the overall scheme may have involved transactions amounting to billions of baht annually.