The High Court of Windhoek, Namibia, has revoked the bail of eight defendants involved in a cryptocurrency fraud and human trafficking case, confiscating approximately $29,800 in bail money. The accused include six Chinese nationals, one individual from Vanuatu, and one from Singapore. Namibian authorities have sought INTERPOL's assistance to locate the suspects, with six traced back to China.
Operating under the guise of Raylon Investments, the group allegedly recruited unemployed Namibians, forcing them to create fake social media profiles to deceive international victims into sending funds. The scheme reportedly defrauded victims of around $267,800 globally between December 2022 and October 2023.
Namibian Court Revokes Bail in Crypto Fraud and Trafficking Case
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