Finansia Director Resigns, Exposing the Rot at the Top

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.

On Tuesday, we revealed how Chuanyao (Henry) Chen, a senior employee of crypto exchange KuCoin, allegedly worked together with Benjamin Mauerberger to illegally take control of Finansia X PLC, a powerful Thai financial firm.

It was part of a plan by Mauerberger, a South African money launderer and central node in a Southeast Asian criminal scam network, to create a seamless way to move illicit cash between crypto and the global financial system.

Finansia's management has denied our reporting. Thailand's Securities & Exchange Commission (SEC) has done nothing about the illegal takeover of a financial institution by foreign interests.

But on Thursday, Chen resigned from the board of Finansia. Read on to see the letter announcing his resignation and what it means.

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