Two Fintoch admins have been arrested in China and Thailand.

As reported by Khaosod English on October 29th;

Liang Ai-Bing was apprehended on October 29, 2025, at a luxury three-story home office in an upscale housing estate in Wang Thonglang district, where he had been living alone since December 2024.

From the Thai Examiner;

Inside the house, police found Liang at a workstation filled with electronic devices. He offered no resistance and surrendered immediately, officers said.

Importantly, they also discovered an unlicensed Beretta pistol and 20 rounds of ammunition.

The Thai Fintoch arrest followed an international warrant from Chinese authorities, who themselves had earlier arrested another Fintoch admin.

Fintoch was an MLM crypto Ponzi fronted by US nationals Mike Provenzano and Joel Fry.

Provenzano and Fry worked for a group of Chinese scammers, believed to then be operating out of south-east Asia (Singapore and/or surrounding countries).

After Fintoch collapsed in May 2023, Chinese authorities initiated an investigation following locally filed victim reports.

The investigation revealed Fintoch was run by Chinese nationals Al Qing-Hua, Wu Jiang-Yan, Tang Zhen-Que, and Zuo Lai-Jun.

Evidently after Fintoch collapsed, the scammers behind it returned to China. Upon learning they were under investigation, all but one of the scammers managed to flee China.

Chinese authorities apprehended Zuo Lai-Jun, with the remaining three suspects still at large.

Liang Ai-Bing being apprehended in Thailand suggests the other three suspects might be scattered across south-east Asia. Dubai is of course another possibility.

Liang has been charged with illegal possession of a firearm and ammunition, as well as illegal entry into Thailand as a foreign national.

Thai authorities are now coordinating with their Chinese counterparts for extradition proceedings.

Citing one hundred victims, Chinese authorities have pegged Fintoch losses in China at around $14 million.

Fintoch is believed to have primarily targeted consumers outside of China. This lead to regulatory fraud warnings from Singapore, Malaysia, Canada and California.

That said, Fintoch and its short-lived SCF Finance reboot were certainly active in China. After SCF Finance collapsed in October 2023, Chinese investors were the first to be locked out of their accounts.

Roughly 24 hours later, SCF Finance investors out of China were also locked out. Total Fintoch and SCF Finance investor losses worldwide are unknown.