The “mastermind” behind OneCoin recruitment in Thailand has been arrested, once more.
Mana Jumuang (aka Mr. Kay), was first arrested on prices of fraud in 2019.
Following OneCoin’s collapse in early 2017, traders in Thailand started submitting complaints with native authorities. This led to Jumuang’s arrest in late 2019.
Upon being introduced to court docket, Jumuang (proper) was granted bail and promptly fled.
Two years later Thai authorities managed to safe one other arrest warrant, resulting in Jumuang’s second arrest on December twenty third.
Jumuang, together with “Thai and Vietnamese accomplices”, reportedly recruited victims into OneCoin on the promise of a 400% ROI over 200 days.
As late as mid 2019 Jumuang was nonetheless recruiting victims into the scheme. A Could 2019 video options protection of a DealShaker automotive occasion purportedly organized by Jumuang.
Jumuang’s ties to OneCoin promotion in Vietnam additionally ties him to Simon Le.
Le is believed to be OneCoin’s prime earner in south-east Asia. He resigned from OneCoin a couple of months after Jumuang’s 2019 arrest.
Le stays at giant in Vietnam the place he continues to advertise Ponzi schemes. Thus far Vietnamese authorities have proven little interest in bringing Le to justice.
Thai authorities declare Mana Jumuang solicited 500 million baht of funding into OneCoin ($14.9 million USD).
That’s primarily based on investor complaints so the precise determine, plus what Jumuang personally stole off the highest, is probably going a lot increased.
Hopefully leaping bail as soon as precludes Jumuang from being granted bail once more. We’ll preserve a watch out for updates.