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A reporter takes a photograph of a map showing the location of call centres and victims involved with a penny stock fraud scheme allegedly orchestrated by Sandy Winick, a Canadian who has lived in China, Thailand, Vietnam and the United States.

LUCAS JACKSON/REUTERS

A Canadian being sought in an international penny stock fraud scheme that swindled investors of more than $140-million has been arrested in Thailand.

The FBI says 63-year-old Gregory Curry – who was also the last member of the crime ring being sought by authorities – was arrested this morning in Bangkok and will face extradition to the U.S.

He is one of nine defendants, including four Canadians, the FBI says were involved in a massive "pump and dump" scheme that victimized tens of thousands of people in the United States, Canada and 33 other countries.

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The FBI alleges Curry aided the fraud ring's Canadian leader in securities fraud and advance fee schemes.

Sandy Winick, the alleged mastermind of the fraud scheme, was arrested Saturday in Thailand.

Another Canadian was previously arrested in Ontario, while the third was arrested in the U.S., along with five other Americans.

The FBI says the investigation into the fraud scheme is one of the largest of its kind and involved the help of RCMP and authorities in England, Thailand and China.

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