Authorities have detained two foreign nationals involved in telecom fraud and other criminal activities.
The two detainees included one national from the Russian Federation and one from the Philippines, all of whom had entered the areas around Myawady illegally. They are currently under investigation pending deportation.
To ensure their swift repatriation, a joint departmental team is currently collecting the necessary personal data and records. U Kaung San Linn, Chairman of the Myawady District Management and Administration Committee and District Administrator, alongside other officials, inspected the process and coordinated essential requirements.
From 30 January 2025 to 7 June 2026, a total of 14,703 illegal foreign entrants were detained in Myawady Township. Of these, 13,521 individuals have been systematically deported to their respective countries via Thailand in accordance with…
THE HASHFLARE “CLOUD MINING” PONZI SCHEME (GLOBAL/ESTONIA)
Date: February 13, 2025 (Guilty Pleas) Perpetrators: Sergei Potapenko and Ivan Turogin
Case Description: This $577 million cryptocurrency fraud remains one of the largest digital asset scams in history, with major legal developments concluding in 2025. Potapenko and Turogin operated “Hashflare,” which they marketed as a massive cryptocurrency mining operation. Hundreds of thousands of victims worldwide purchased “mining contracts,” believing they were renting hash power to mine Bitcoin. In reality, the duo was running a sophisticated Ponzi scheme.
They created fake customer dashboards that showed “real-time” mining profits, but the money being paid out was simply the capital of newer investors. They laundered the proceeds through shell companies to purchase luxury real estate and a fleet of high-end vehicles. After a massive international investigation involving the FBI and Estonian authorities, the pair agreed to forfeit over $400 million in assets. This case underscores the “Cyber-enabled Fraud” warning issued by the FATF in early 2026: as technology evolves, the scale of fraud moves from local millions to global billions in the blink of an eye.
Link to Original: ACFE – High Profile Fraud of 2025