Wanted Taiwanese Man in Alleged Covid Medical Company Scam Arrested in Bangkok

Bangkok-

A wanted Taiwanese man was arrested in Bangkok after opening a front medicine company and operating a stock scam with millions of baht in damages and 10,000 victims during the Covid-19 crisis, say Thai police and Immigration.

The Thai Immigration Office revealed to the press on Friday (May 26th) that the Taiwanese man identified only as MR. HUANG, 61, is a wanted suspect in his own country. He entered Thailand with a ‘Vanuatu’ passport on February 5th, 2021 and with a ‘THAILAND ELITE PRIVILEGE CARD’. He stayed at a luxury condominium in Pratunam.

His visa has now been temporarily withdrawn. Mr. Huang admitted to officers that he is the wanted suspect and that he escaped to Singapore from Taiwan before he entered Thailand.

He allegedly operated a company that produced medicine during Covid-19, however was actually a front to deceive potential clients. They produced fake financial reports about the company to defraud victims to buy stocks and medicine, which of course did not actually exist. There were more than 10,000 victims with millions of baht in damages.

The Taiwanese Police seized properties worth more than 60 million baht from Mr. Huang and issued arrest warrants for 29 suspects in his company, which police say was actually a gang of organized scammers. 27 of the other suspects have since been arrested.

Mr. Huang had fled to Singapore and then Thailand but the long arm of the law caught up to him and he would be deported to Taiwan to face numerous legal charges.

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Mr. Adam Judd is the Co-owner of TPN Media since December 2017. He is originally from Washington D.C., America, but has also lived in Dallas, Sarasota, and Portsmouth. His background is in retail sales, HR, and operations management, and has written about news and Thailand for many years. He has lived in Pattaya for over nine years as a full-time resident, is well known locally and been visiting the country as a regular visitor for over a decade. His full contact information, including office contact information, can be found on our Contact Us page below. Stories please e-mail Editor@ThePattayanews.com About Us: https://thepattayanews.com/about-us/ Contact Us: https://thepattayanews.com/contact-us/