Injustice served as justice?

[Synchronice]

Victims lost funds in USDT and BTC even Tron, but It has gotten to a point where I am starting to doubt my own law abiding country (if so). The name of these scam company is Cbex and I am sure few people on here knjw about it.

Here is where I am confused.

1. They claimed that the scam runners are been tracked down to Cambodia and it will be extremely hard from this point to get the rest of the money back.

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

First of all, where are you from? For example, the United States Of America and Cambodia signed an extradition treaty in 2006, which allows US to request person's extradition but of course, fulfillment is another task. Overall, countries follow US demands.
By the way, in any case, any criminal that enters Cambodia doesn't automatically mean that they can't be arrested. Extradition comes down to who the person is, political will and corruption level. If the person is someone very close to elite politicians, there is a chance that the country will not fulfill the demand. If the country has bad relationship with the demanding country, then there is a chance they won't extradite the requested person and also, if the country is very corrupt and the criminal pays them lots of money, there is a chance if the crime is not very brutal, they won't extradite the person too.

2. They also said that the fund recovered can't be paid back in USDT probably because of the inflation of the fiat currency in the country? But why?

I asked why because these people paid in USDT in the first place, they must have exchange their Fiat to USDT, since the funds are recovered like they claimed they should settle them back with what was recovered.

I don't think this is fair justice served, BTC should be paid back in BTC likewise USDT, do you think otherwise? Drop your reason.

If they give money in local currency, then that's enough to my mind. You can't really demand from them (government) to buy a BTC or USDT for you and pay into it.

[GiftedMAN]

2. Did you know that criminals often launder assets or spend them in different ways? This means that even if the government confiscates those assets, they will not remain intact or have been converted into other assets. That would make asset inventory extremely complicated, so the proposal to pay in fiat currency is considered reasonable and fair.

The government can not trace all the assets that have been converted in to different things but the government can trace the available assets converted by the criminals by making a simple arrest and doing a very good investigation to stop all the activities of the criminals who have been doing all kinds of stealing.

Believing the government to actually confiscates the recovered assets is cool but tracing then do you think paying in Fiat currency will stop any form of criminality?

[free-bit.co.in]

Some few weeks have past since some ponzi scheme runners scammed a lot of my country people, the money is so much that the government had to intervene, and the latest we had today was that some of the amount have been recovered.

Victims lost funds in USDT and BTC even Tron, but It has gotten to a point where I am starting to doubt my own law abiding country (if so). The name of these scam company is Cbex and I am sure few people on here knjw about it.

Here is where I am confused.

1. They claimed that the scam runners are been tracked down to Cambodia and it will be extremely hard from this point to get the rest of the money back.

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

2. They also said that the fund recovered can't be paid back in USDT probably because of the inflation of the fiat currency in the country? But why?

Actually it must be considered whether the alleged crime is a crime under the laws of both countries, right? Cause, you will find many things that are considered crimes in one country but not in another. Extradition is only possible if the laws of both countries consider the act a crime, otherwise, it is not. afaik, Cambodia has separate extradition agreement with China, France, Russia, South Korea, Thailand, Vietnam... etc. Since those extradition agreement have become ineffective, the intervention of international law is necessary in these cases.

It is really concerning what you said. Cambodia seems to have emerged as a safe hub for online fraudulent activity. I think certain officials of that country may be involved with these crimes or have been silenced with large sums of money. However, I am very adamant that since the victims invested in USDT, Bitcoin, and Tron, logically, the compensation should be in the same currency.

[dezoel]

Some people might not like it, but I would like to be the devil's advocate here. I do think that those who run Ponzi schemes or scams should be arrested and punished for doing that, but I also think that those who invest in such things without proper research or making sure that they are investing their money in the right place don't really deserve to get anything back. It's mostly greed that makes people get into such things because they are lured into them by being thrown big promises at them and making them believe that they are going to become rich after investing in such projects.

What's even more ironic is that such people don't do it alone, they go around and advertise such projects to others and convince them to make investments as well because when others make investments, they make money for that, and that is how they earn more. The chain starts like that and then it keeps going and going, and after a short period, the fire catches the whole forest.

[Gozie51]

Here is where I am confused.

1. They claimed that the scam runners are been tracked down to Cambodia and it will be extremely hard from this point to get the rest of the money back.

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

If there is bilateral relationship existing already then countries as such can be relating more closely as friends do and so they can have deeper agreement on how to resolve the matter.

2. They also said that the fund recovered can't be paid back in USDT probably because of the inflation of the fiat currency in the country? But why?

I'm sure that is some huge amount of money and converting it into Naira would mean mopping up excess Naira and at the same time serving as generating foreign exchange. So this might be the excuse of government since they helped to recover the stolen funds after they have warned people against Ponzi scheme.

[red4slash]

It seems like CBEX is in every country and there are still many people who are fooled by it just because they assure 100 percent profit in 30 days. Actually from this alone we can already understand that this is a scam especially they suggest to affiliate and invite others so that we can be disbursed.

As for the issue of money lost, I think it will be very difficult regardless of whether the explanation given by the relevant party makes sense or not in the end until now we can see not a few victims and how much the number of harmed from this ponzy scheme in almost several countries.

I have also been offered this and even not only CBEX but also PCEX and DUEX I was also offered by my colleague to be there with the same lure but the good thing is besides I was not too tempted by this I also managed to convince my colleague to get out of there because it was clearly a misleading ponzy scheme which fortunately he did not get a loss because he managed to get his capital back before the funds could not be withdrawn.

[Fortify]

Some few weeks have past since some ponzi scheme runners scammed a lot of my country people, the money is so much that the government had to intervene, and the latest we had today was that some of the amount have been recovered.

Here is where I am confused.

1. They claimed that the scam runners are been tracked down to Cambodia and it will be extremely hard from this point to get the rest of the money back.

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

2. They also said that the fund recovered can't be paid back in USDT probably because of the inflation of the fiat currency in the country? But why?

I don't think this is fair justice served, BTC should be paid back in BTC likewise USDT, do you think otherwise? Drop your reason.

You do understand that there have been many times in history where the perpetrators have got away with crimes and not faced punishment? I have just checked and Cambodia does not extradite it's own citizens, so if they are local to that country it is possible they will not be punished if they remain there. It's probably also easier to hide in Cambodia especially when you have a lot of money to pay off authorities, maybe with fake identities, so the police will have a hard time.

While I have sympathy for anyone losing their money to scammers, it is usually driven by greed and they are blinded at the early stages by promises of big returns. If there were some sort of funds recovered, even if it it only 50 or 20%, then the victims should be happy quite frankly as they often get nothing.

[fuguebtc]

While I have sympathy for anyone losing their money to scammers, it is usually driven by greed and they are blinded at the early stages by promises of big returns. If there were some sort of funds recovered, even if it it only 50 or 20%, then the victims should be happy quite frankly as they often get nothing.

Ironically, many people often ignore government warnings that they should not invest in companies and projects that promise high returns without being legally verified or recognized . They will be held responsible for their decisions if they deliberately and stubbornly participate. But then, while the government is trying to find a way to help them recover their assets, they are frustrated , complaining and upset when they do not receive the full amount of money they lost because of their greed.

Indeed , we should be satisfied with the money we receive, do not blame others  when the mistake is due to our own greed and selfishness.

[RealNoblee]

1. They claimed that the scam runners are been tracked down to Cambodia and it will be extremely hard from this point to get the rest of the money back.

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

Although there could be situations that could make arresting a criminal who is on the run and has just entered Cambodia difficult, it is not impossible, and an arrest will only not happen if the government of the certain country is really not interested in the case to pursue through the proper channels.

2. They also said that the fund recovered can't be paid back in USDT probably because of the inflation of the fiat currency in the country? But why?

I asked why because these people paid in USDT in the first place, they must have exchange their Fiat to USDT, since the funds are recovered like they claimed they should settle them back with what was recovered.

I don't think this is fair justice served, BTC should be paid back in BTC likewise USDT, do you think otherwise? Drop your reason.

I think that they should be grateful for the fact that they are even able to even be promised some amount of money back after going on to involve themselves with Ponzi scheme that has often been talked about that people should avoid.

Though investing in some lucrative scheme is good
But it's dangerous to invest in schemes that are obviously risky like ponzi.

Despite that our law enforcement agencies and judiciary lack credibility and have lost focus due to high level of inpunity, injustice and greed.

We must be mindful.

[lionheart78]

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

It dependes, if your country have extra judicial power on cambodia then you can track down and arrest the criminal, or if the authority from cambodia to work with your country's police they can then have a join activity against the criminals.  If the cambodia don't want to cooperate then there is nothing for your authority to do but to wait until that criminal move to a country where your country have the authority to pursuit the criminal.

2. They also said that the fund recovered can't be paid back in USDT probably because of the inflation of the fiat currency in the country? But why?

I asked why because these people paid in USDT in the first place, they must have exchange their Fiat to USDT, since the funds are recovered like they claimed they should settle them back with what was recovered.

That also consfused me but I think the cryptocurrency had already been converted to fiat money or the authority had gotten interest to pocket the funds.

I don't think this is fair justice served, BTC should be paid back in BTC likewise USDT, do you think otherwise? Drop your reason.

The world is not fair there are many cases where the claimant can't claim his funds because of unexpected reasons, some are too strict on the validation that a small discrepancy can make the claimant lost all his funds.

[Dzwaafu11]

2. They also said that the fund recovered can't be paid back in USDT probably because of the inflation of the fiat currency in the country? But why?

I asked why because these people paid in USDT in the first place, they must have exchange their Fiat to USDT, since the funds are recovered like they claimed they should settle them back with what was recovered.

You should know the reason why the government won’t want to refund the people money in USDT or BTC, which is obvious. They will refund the victim their funds in naira, which means they are supporting their own currency in that way. Since crypto currently is not legalised in the country, how else did you think they would pay these people in cryptocurrency?

Definitely not, because if they did that, they would be supporting cryptocurrency. So in my own opinion, the most important thing is to get your money back regardless of which currency they sent you the funds in; you can’t fight or drag the government. When money is lost, getting it back is always a big problem, and that’s why it is always advisable to invest wisely.

[batang_bitcoin]

It's likely that the funds were already spent and that's why they can't return most funds that were paid to them before the scam happened.

Though investing in some lucrative scheme is good
But it's dangerous to invest in schemes that are obviously risky like ponzi.

Despite that our law enforcement agencies and judiciary lack credibility and have lost focus due to high level of inpunity, injustice and greed.

We must be mindful.

Ponzis are truly dangerous and people invests on them because they have no idea of what they're doing. The only thing they hear and read from them are about the returns that are promised to them. Little did they know, those are false promises and none of them are going to be true. Sadly, people only learn once they become a victim and the money is gone away.

[tottong]

You should know the reason why the government won’t want to refund the people money in USDT or BTC, which is obvious. They will refund the victim their funds in naira, which means they are supporting their own currency in that way. Since crypto currently is not legalised in the country, how else did you think they would pay these people in cryptocurrency?

Definitely not, because if they did that, they would be supporting cryptocurrency. So in my own opinion, the most important thing is to get your money back regardless of which currency they sent you the funds in; you can’t fight or drag the government. When money is lost, getting it back is always a big problem, and that’s why it is always advisable to invest wisely.

The government there clearly will not make payments based on USDT or BTC because the country does not support one of them as a legal transaction tool and if this is the problem we cannot blame the government.
Naira is a legal currency and of course the government there will return funds in the form of official currencies.
If the government takes a payment policy using USDT, it is the same as they make mistakes and indirectly weaken the official currency.

To be more fair, it might be much wiser when they want to return funds even though they are not in the same assets.
Investing wisely is indeed quite important so that things like this do not happen and maybe anyone can avoid this kind of thing if you don't want to experience the same problem as that person.

[Ever-young]

2. Did you know that criminals often launder assets or spend them in different ways? This means that even if the government confiscates those assets, they will not remain intact or have been converted into other assets. That would make asset inventory extremely complicated, so the proposal to pay in fiat currency is considered reasonable and fair.

During the time it took them to plan this exist plan and targeting the amount they want to move out with, they have already had in plan and set in place the best possible ways which they will use to launder those funds and make it untraceable or better still spend it on something which they know can’t be accessible by authorities when they come after them. If the government had recovered some money and see it necessary to repay victims in fiat I also consider that to be a fair decision.

[retreat]

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

Cambodia (as well as Myanmar) is where many of these scammer companies operate targeting people globally. These companies are even free to operate with no interference from their governments, as most of them operate in areas with weak law enforcement or special autonomous regions that are usually controlled by warlords. You can even see that these scammer companies not only scam people, but also engage in the free trade of human organs and illegal gambling. So we can say that this country is like a criminal's paradise because it is so lawless. Many countries have raised objections to Cambodia's lax handling of criminal activities in their areas, but they don't bother about it and seem to just let it go. So it is true that it is a very complex job to retrive the money from that country.

[Yaunfitda]

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

Cambodia (as well as Myanmar) is where many of these scammer companies operate targeting people globally. These companies are even free to operate with no interference from their governments, as most of them operate in areas with weak law enforcement or special autonomous regions that are usually controlled by warlords. You can even see that these scammer companies not only scam people, but also engage in the free trade of human organs and illegal gambling. So we can say that this country is like a criminal's paradise because it is so lawless. Many countries have raised objections to Cambodia's lax handling of criminal activities in their areas, but they don't bother about it and seem to just let it go. So it is true that it is a very complex job to retrive the money from that country.

There are a lot of countries, mostly in Asian region that has been hub by the scammers, like India, Pakistan, and recently there are news that the Philippines as well have started this luxurious "business" to scam people. Perhaps it was really the culture, the poor are being exploited or the government itself are corrupt that's why certain individuals where able to run to Cambodia hide with their money and many could have been paid off and that could be one possibility that the person was able to entered into the country. Another one is the backdoor, maybe thru sea, he was able to get into the country without even detected. So in the end, it's all about the money and the people behind could have protected this individual. It's just sad to here this kind of scammers can simply get away and hide and can't be arrested.

[Smack That Ace]

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

Cambodia (as well as Myanmar) is where many of these scammer companies operate targeting people globally. These companies are even free to operate with no interference from their governments, as most of them operate in areas with weak law enforcement or special autonomous regions that are usually controlled by warlords. You can even see that these scammer companies not only scam people, but also engage in the free trade of human organs and illegal gambling. So we can say that this country is like a criminal's paradise because it is so lawless. Many countries have raised objections to Cambodia's lax handling of criminal activities in their areas, but they don't bother about it and seem to just let it go. So it is true that it is a very complex job to retrive the money from that country.

There are a lot of countries, mostly in Asian region that has been hub by the scammers, like India, Pakistan, and recently there are news that the Philippines as well have started this luxurious "business" to scam people. Perhaps it was really the culture, the poor are being exploited or the government itself are corrupt that's why certain individuals where able to run to Cambodia hide with their money and many could have been paid off and that could be one possibility that the person was able to entered into the country. Another one is the backdoor, maybe thru sea, he was able to get into the country without even detected. So in the end, it's all about the money and the people behind could have protected this individual. It's just sad to here this kind of scammers can simply get away and hide and can't be arrested.

Scams are a global problem and occur in every continent and country around the world. We should not assume that Asia is the hub of scammers just because we do not see news of scams in other continents or regions. For example, the Europe-based Onecoin that caused billions of dollars in losses to investors, or the collapse of FTX, a leading US-based exchange and arguably the biggest scam in crypto history.


Nowadays all scam projects use Ponzi scheme and do you know who is the father of this famous scam scheme? It was Charles Ponzi, an Italian citizen who immigrated to the United States in 1903.

[SmartCharpa]

I heard about CBEX two months ago, and many individuals lost thousands of dollars as a result of the investment as the platform took people's money after they put their life savings. Many people nearly killed themselves because they invested money that did not belong to them in the hopes of making huge profits in the end. It happened because of greed, and many individuals failed to learn from the past because that wasn't the first time they had lost money on an internet investment.

However, I have yet to find out whether they were able to find the scammers and recover some of the money. If that's the case, I doubt the victims will receive their money back, if they are going to do so, they would have done that already, because the government may hold the money that the victims invested illegally. I hope they return the money because I am still surprised that the government interfered, they would have stated it was not their concern that individuals invested their life savings because they had warned them multiple times to avoid such investments.

[coupable]

1. They claimed that the scam runners are been tracked down to Cambodia and it will be extremely hard from this point to get the rest of the money back.

My question IS, does this mean that any criminal that entered Cambodia can't be arrested?

Due to the rampant corruption in Cambodia, criminals around the world have begun using it as a safe haven, primarily to evade legal prosecution in other countries and also to facilitate money laundering, as officials can be bribed to avoid questioning the source of the funds.
Cambodia is not the only example; there are countries ranked among the most corrupt, and therefore, they are sought after by scammers and criminals around the world. The same classification applies to tax havens, as they do not question the source of funds, and entering them with a false identity is sufficient to avoid suspicion.

[doomloop]

Ponzis are truly dangerous and people invests on them because they have no idea of what they're doing. The only thing they hear and read from them are about the returns that are promised to them. Little did they know, those are false promises and none of them are going to be true. Sadly, people only learn once they become a victim and the money is gone away.

Typically, peoples those related to Ponzi present their plan no one have idea what is going to happen to them and their money because creativity is always works for them, and they bring things which attract peoples for having good investments and after losing their money they can only cry.

Keeping alert is always good bur humans greediness never keep silent because it's always encourage for more and this brings problems never depend on peoples those are at high positions and have ability to help us but never done because they also have their own interest and greediness. Recently many Ponzi and other fraudulent schemes have appeared with new ways and styles with peoples lost huge funds while no one able to help them because money was already transferred and things were not as they needed to done justice while during this have their own share as well.