HotNews No. 144: Fintoch Admins Arrested in China and Thailand
Two administrators of the controversial MLM crypto project Fintoch have been arrested in China and Thailand, demonstrating that authorities worldwide are actively taking steps to bring financial fraud perpetrators to justice.
According to Khaosod English on October 29, Liang Ai-Bing was apprehended on October 29, 2025, at a luxury three-story home in the Wang Thonglang district, where he had been living alone since December 2024. Police found multiple electronic devices in the home, as well as an unlicensed Beretta pistol with 20 rounds of ammunition. Liang surrendered immediately and did not resist.
The arrest in Thailand followed an international warrant issued by Chinese authorities, who had previously arrested another Fintoch administrator. Fintoch was an MLM Ponzi scheme fronted by U.S. nationals Mike Provenzano and Joel Fry, who worked for a group of Chinese scammers, likely operating out of Southeast Asia.
Investigations revealed that Fintoch was run by Chinese nationals Al Qing-Hua, Wu Jiang-Yan, Tang Zhen-Que, and Zuo Lai-Jun. After the collapse of the project in May 2023, most of the scammers managed to flee China, while Zuo Lai-Jun was arrested. Liang Ai-Bing’s arrest in Thailand suggests that the other suspects may be scattered across Southeast Asia, with Dubai as another potential location.
Liang has been charged with illegal possession of a firearm and ammunition, as well as illegal entry into Thailand. Thai authorities are now coordinating with their Chinese counterparts on extradition proceedings.
According to Chinese authorities, Fintoch caused losses of approximately $14 million in China, with most victims located abroad. The project also triggered warnings from regulators in Singapore, Malaysia, Canada, and California.
Conclusion: The arrests of Fintoch administrators clearly demonstrate that, despite the international complexity of scams and the attempts of perpetrators to evade justice, authorities are actively pursuing them. Every such action sends a strong message – fraudsters do not go unpunished, and victims can have hope that justice will be served.
Your DefendMe Team