Thailand Seeks Extradition of 2 Foreigners for Forex-3D Scam

Thailand’s Department of Special Investigation (DSI) is seeking the extradition of two individuals, one Hungarian and another Singaporean, involved in the notorious Forex-3D scam. The Thai Criminal Court has already issued an arrest warrant against the two foreigners.

The Hungarian model, Eddy Polgari, and the Singaporean national, Daryl Cai Younghui, are among the 16 suspects in the massive forex Ponzi scheme
Ponzi Scheme

A Ponzi scheme is a scam that looks to lure investors, ultimately paying profits to earlier investors with funds from more later investors.This form of fraud tricks victims into believing that products are instead generated from product sales or other means. In actuality, most investors are completely oblivious to the actual origin of incoming funds.One of the central attributes of a Ponzi scheme is the necessity of its ongoing nature, which is dependent on a steady flow of new contributions and funds. This can unravel quickly should investors request or demand repayment or lose faith in whatever assets they are supposed to own.While earlier episodes of this scam were carried out historically, the name Ponzi scheme is associated with Charles Ponzi in the 1920s.His original scam was based on the legitimate arbitrage of international reply coupons for…