Finansia CEO Calls Investigation 'Baseless Rumors.' Here Are the Facts.

Welcome to Whale Hunting, where we follow the money from Southeast Asian scam centers to Manhattan penthouses, exposing the criminal networks that cost Americans billions each year.

Chuangchai Nawongs, the CEO of Thai financial firm Finansia X (FSX), has sent an internal memo to employees dismissing our ongoing investigation into a $1.5 billion money laundering network as "baseless and unsubstantiated rumors" spread by "ill-intentioned individuals."

The memo, which was quickly leaked, claims FSX has "no involvement whatsoever" with the criminal syndicate and that the company is considering legal action.

Chuangchai is entitled to his opinion. But he is not entitled to his own facts.

Here's what he said – and here's what the evidence shows.

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What you'll learn below:

→ Why the CEO's claim of "no involvement whatsoever" contradicts documented evidence

→ Why what he calls "baseless rumors" are actually the subject of multi-government investigations

→ The pattern of coordinated avoidance that undermines his explanations