This is the dramatic moment police arrested a Chinese ringleader for allegedly running a massive 20 million USD investment scam in Thailand.

Footage shows officers storming a home to arrest suspected fraud leader Wang, 40, in raids on September 9.

The Technology Crime Suppression Division (TCSD) said it targetted 13 locations across Bangkok, Nonthaburi, Pathum Thani, and Chiang Mai, under operation '9.9 Fake Company' cracking down on scam operations in the country.

Fourteen Thais, including Wang's ex-wife Rinyaphat, 33, were also arrested. Police said they faced a host of charges including fraud, identity theft, importing false computer data, money laundering, and being members of a criminal

Authorities seized assets worth 21 million Baht (662,000 USD) during the raids. Among the property confiscated were nine cars, 40 designer bags and accessories, cash in multiple currencies, 29 mobile phones and electronic devices, 100 passbooks and ATM cards, 10 SIM cards, and 23 Buddha amulets.

Wang was accused of heading a gang that lured victims into using a fake stock trading platform with promises of high returns.

They posted advertisements on Facebook before adding clients into a LINE group with more than 100 fake accounts to appear legitimate. The fraudsters also impersonated well-known financial advisors and traders.

Lieutenant General Athip Pongsiwala, TCSD Commissioner, said: 'Victims could initially withdraw small amounts to build trust. But once they invested larger sums, the money disappeared and contact with the group vanished.'

Officials said they received more than 265 complaints related to the scam gang, which caused a staggering 654 million Baht (20.6 million USD) in financial damages.

The suspects reportedly operated 'like a corporation' with designated roles. There were corporate mule account holders, cash runners to withdraw money, translators for Chinese bosses, and money launderers who converted the funds into cryptocurrency.

TCSD Deputy Commander Colonel Suphot Pumyaem said: 'They evolved to use corporate accounts instead of personal ones. This made them harder to trace and appeared more legitimate to victims.'

Wang and Rinyaphat, who were identified as the mastermind and the cash recipients, have denied all charges but admitted to collecting cash under orders of another Chinese person.

Five Thai suspects reportedly confessed to withdrawing and transferring money.