Malaysian police have arrested ten individuals connected to GCG Asia.

One of the arrested individuals is GCG Asia founder Darren Yaw.

As
reported by Bharian
, on January 5th raided multiple locations across Malaysia. The raids led to the arrest of ten GCG Asia scammers.

Nine luxury cars, five 1KG gold bars, sixty-four luxury watches, $4.5 million in cryptocurrency and ~$21,000 in cash were also seized.

Malaysian police have pegged the total value of GCG related assets seized at $26.6 million.

A
televised report from Buletin TV3
provides us with footage of the arrested suspects. Darren Yaw, who stylized himself as a “Datuk Seri”, can be seen in the lineup:

The main mastermind is 40 years old and has a master’s degree in business administration, while the other nine suspects include a woman aged between 29 and 64.

Among the seized items was an “ex-police association card”, believed to be in Yaw’s name. It appears Yaw, aka Chen Chiu, was misrepresenting himself as an ex-police officer as part of GCG Asia’s deception.

GCG Asia
, also known as Guardian Capital AG, is a forex Ponzi scheme originating from Malaysia.

GCG Asia investors invest funds on the promise of passive returns. Attached to this is a pyramid scheme, to financially incentivize recruitment of new investors.

The syndicate, which has been active since 2018, targets local citizens and promotes the investment with a weekly rate of return of between 12 to 14 percent of the total capital invested.

Investors will be given an investment web link along with a password and can see the amount of profit received after logging into the website.

However, the profit cannot be transferred or cashed out.

The syndicate subsequently cut off communication with investors after receiving a large amount of investment and stopped the operation of the investment scheme suddenly.

There are twenty-three criminal investigations open into GCG Asia as of January 2022.

Yaw was
first arrested in connection to GCG Asia
back in 2019. Cambodian authorities stepped in after GCG Asia claimed to have government backing to lure new investors in.

The deception went as far as claiming Cambodia’s Prime Minister would attend a GCG Asia office ribbon cutting ceremony. This prompted the PM to publicly deny the claims.

Yaw was convicted in Cambodia in October 2019 and served five months in prison.

Upon release he appears to have returned to Malaysia and continued to defraud consumers.

As part of those efforts, Yaw attempted to remove/bury access to information pertaining to GCG Asia and Yaw’s arrest.

This took place via an SEO spam campaign and
bogus DMCA takedown requests
, specifically targeting BehindMLM’s coverage.

Even following Yaw’s arrest in Malaysia, those efforts continue.

The
latest bogus GCG Asia DMCA notice received
is dated September 14th. The notice was sent in by Parry Sound Law, on behalf of GCG Asia.

As you may know, GCG Asia is the owner of the GCG® word mark (GCG Asia®, USPTO Reg.

🤖 Quick Answer

Who is Darren Yaw and what is GCG Asia?
Darren Yaw is the 40-year-old founder of GCG Asia, a fraudulent scheme that operated in Malaysia. He held a Master's degree in Business Administration and styled himself as "Datuk Seri." GCG Asia was an investment scam that defrauded numerous victims through cryptocurrency and asset manipulation schemes.

When were the GCG Asia scammers arrested?
Malaysian police arrested ten individuals connected to GCG Asia on January 5th. The coordinated raids targeted multiple locations across Malaysia simultaneously, resulting in the apprehension of founder Darren Yaw and nine additional suspects involved in the fraudulent operation.

What assets were seized during the GCG Asia raids?
Malaysian authorities seized substantial assets valued at $26.6 million total. Confiscated items included nine

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