Singaporean ‘Forex-3D’ suspect remanded to Thai court custody

The only foreigner arrested in the investigation of the massive Forex-3D pyramid scheme appeared in a Bangkok court this morning, two days after his arrest on Phuket.

Officers with the Department of Special Investigation, or DSI, took Singaporean Daryl Cai Yonghui to the Criminal Court where he was remanded into its custody. Yonghui has been charged with fraud and violating the Computer Crime Act over his alleged role as a primary architect of the Ponzi scheme which bilked investors for billions by promising large returns on foreign currency exchanges. 

DSI officials said they will oppose his release on bail, reasoning that his crime caused “great damage” and because he poses a flight risk.

Neither Yonghui nor his girlfriend, Italian-Thai model Sarah Casinghini, said a word to reporters outside the court. They were represented by a lawyer. 

Yonghui was due…