BANGKOK — Thai police arrested three members of a Chinese gang that used a Ponzi scheme to scam up to 6,000 million baht from thousands of people in China, Malaysia, and Thailand.

The gang allegedly convinced more than 100,000 people to invest in their company, named Yum Shu Mao, and paid them “returns” from the investments of new entrants, not actual profits.

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By Khaosod English