Bangkok: Immigration police arrested a Chinese woman, Overstay, after discovering that she was a Chinese businesswoman who opened a fake company to trick people into investing in a pyramid scheme. She fled the law and hid in Thailand, causing 500 million baht in damages.

According to Thai News Agency, the woman orchestrated a fraudulent investment operation that impacted numerous individuals. The scheme involved a bogus company that promised high returns, luring investors into a trap. The authorities discovered her deception after thorough investigations.

The arrest marks a significant step in curbing financial crimes linked to pyramid schemes. The situation highlights the challenges faced by law enforcement in dealing with transnational fraudulent activities. The damages resulting from this scheme underline the need for increased vigilance and cooperation among international agencies to combat such crimes effectively.