A Singaporean man suspected of orchestrating a massive and audacious Ponzi scheme is in police custody on Phuket today, according to Thai police.
Daryl Cai Yonghui was arrested Monday morning at Phuket International Airport, according to Maj. Yutthana Praedam of Department of Special Investigation, two months after a warrant was issued for his arrest in connection with the Forex-3D scam, which defrauded thousands of investors upward of THB20 billion (US$608 million).
Yonghui, 32, is wanted on suspicion of fraud and violating the Computer Crime Act, as per the details of the warrant, over his alleged role as a primary architect of the investment pyramid scheme, which promised large returns on foreign currency exchanges.
Yonghui narrowly evaded capture Saturday when DSI agents converged on his Bangkok condominium. Yonghui was not there.
The years-long…
