The wife of Darren Yaw, the accused mastermind of illegal crypto currency trading in Cambodia has been released but forbidden to leave Cambodia.
Latest News: GCG Asia’s trail of larceny and theft
Khmer Times learned that that the wife, 34 year old Chow Sok Fui, was released last Sunday, 19th May, 2019 while Darren Yaw undergoes more questioning in police custody and his offices remained shuttered.
GCG Asia – Guardian Capital Asia presented itself as a leading provider of online foreign exchange (FX) trading, CFD trading, and related services.
The broker claimed that they had multiple account options, including PAMM, MAM, ECN and more, but its website did not feature an account types section, nor discloses any trading conditions. GCG Asia does not hold a valid forex broker license in Malaysia or anywhere else it operated, informed sources dais.
The broker’s product portfolio includes nearly 30 currency pairs, CFDs on precious metals, energies and several cryptocurrencies – Bitcoin, Ethereum, Ripple, Dash, and Litecoin, said an online authority on such kind of financial services, Forex Brokers.
“Switzerland’s financial markets and services regulator FINMA has blacklisted GCG Asia for conducting unauthorized activities in the country.”
Further online checks showed that the company was registered in China and was stamped ILLEGAL by WikiFX, a third-party service provider for clients to inquire whether a Forex broker is formal, legal and real.
GCG Asia was reportedly shuttered in Indonesia in early May and Darren Yaw was said to be a wanted person in Indonesia for illegal trading in crypto currency and for defrauding unknowing investors.
In an alleged GCG ASIA Vietnam Facebook post on 15 April, 2019, it had announced that: “GCG ASIA is proud to announce the immediate official availability of our Investment Capital Guarantee Bank Draft in cooperation with Bank of China (Phnom Penh branch in Cambodia) which ensures that all investment capitals are safeguarded.
Members only need to make a new minimum deposit of $50,000 from 13 April 2019 onwards and apply for this investment capital guarantee with GCG ASIA, and obtain a capital guarantee bank draft issued by the Bank of China (Phnom Penh branch).
Bank of China (Hong Kong) had issued a strongly worded statement distancing itself from GCG and said it was never affiliated nor collaborated with GCG Asia in any form.