Foreign Trading Scam: Singapore Citizen Nabbed By Phuket Authorities in Forex-3D Scam

According to the Phuket Public Relations Department, a Singaporean was arrested at Thailand’s Phuket International Airport on Monday (Jan 16) for his alleged involvement in a foreign trading scam.

Daryl Yonghui Cai, a man, was detained by immigration and police officers at the airport’s departure hall while waiting to board Scoot flight TR659 to Singapore.

The Thai Criminal Court has issued an arrest warrant for the man as a suspect in the Forex-3D foreign trading scam, according to authorities.

“The immigration officers at Phuket Airport’s departure area examined the individual’s passport. Mr Daryl was discovered to be a suspect in the arrest warrant,” the Phuket Public Relations Department stated on its Facebook page.

Suspect in the Forex-3D Foreign Trading Scam

The man is thought to be a key suspect in the Forex-3D foreign trading scam being investigated by the Justice Ministry’s Department of Special Investigation (DSI).

According to DSI, the website www.forex-3D.com was used as an advertising channel to entice the general public to invest in foreign exchange by promising a 60-80% return rate.

The scam caused a “massive amount of damage,” according to DSI, and falls under the 1984 Emergency Decree on Obtaining Loans Amounting to Public Cheating and Fraud.

Red Flags in a Foreign Trading Scam

  • The concept of “risk-free” investments is often promoted. But there is no such thing in the world of investing. Similarly, be wary of organisations that assert that “there is no bear market.”
  • Unsolicited offers of any kind are typically regarded as a red flag. Anyone who approaches you should be regarded with suspicion.
  • Such con artists demand an immediate money transfer. Especially through a wire transfer or the mail, rather than through an authentic online broker’s gateway. Any voice urging you to transfer money on a specific timeline should be avoided.
  • Uncertain background information on a person or business entity should always be taken seriously. Experienced forex traders will have a sizable online presence. Conduct your own research.

Tips to File a Foreign Trading Scam Complaint in India

You can file a complaint against Foreign Trading Scam or any other cybercrime via email or letter. Look at the table below to find the contact information for the cyber cell police in various cities.

PlaceContactAddress and EmailWebsite
Chennai

91-044-23452348
91-044-23452350


ACP, Cyber Crime Cell, Commissioner office Campus Egmore, Chennai- 600008
E-mail id: s.balu@nic.in
For Rest of Tamil Nadu,
Address: Cyber Crime Cell, CB, CID, Chennai
E-mail id: cbcyber@tn.nic.in
NA
Bangalore

91-80-22201026
91-80-22943050


Cyber Crime Police Station, C.O.D Headquarters, Carlton House, No. 1, Palace Road, Bangalore-1
ccps@blr.vsnl.net.in
ccps@kar.nic.in
Check here
Hyderabad

+91-040-2324 0663
+91-040-2785 2274
+91-040-2785 2040
+91-040-2329 7474 (Fax)



Cyber Crime Police Station, Crime Investigation Department, 3rd Floor, D.G.P. office, Lakdikapool, Hyderabad–4
cidap@cidap.gov.in
info@cidap.gov.in
cybercell_hyd@hyd.appolice.gov.in
Delhi+91-11-24362203
+91-11-26851998
+91-11-26515229
+91-11-24392424


CBI Cyber Crime Cell:, Superintendent of Police, Cyber Crime Investigation Cell, Central Bureau of Investigation,
5th Floor, Block No.3, CGO Complex, Lodhi Road, New Delhi – 110003
cbiccic@bol.net.in
dcp-eow-dl@nic.in
http://cbi.nic.in
Uttar Pradesh
094544 57953


Sri Balmiki Marg, Inside Hazratganj Police Station, DM Compound Colony, Hazratganj, Lucknow, Uttar Pradesh 226001
Email ID: NA
NA
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