Buying goods in one country and selling them at a premium in another is the basis of international commerce. If you can't turn a profit why export? the issue

Buying goods in one country and selling them at a premium in another is the basis of international commerce. If you can't turn a profit why export? the issue is there actually wasn't a low-risk arbitrage opportunity at such ridiculous (7%) annual premiums and at such scale, and even if there were it's not what they were doing. I'd go far as to say most the people gaining from these guaranteed high interest schemes probably knew they were fraud or part of nasty victim involved crime and then they got botthurt when they found out they weren't the smart ones and pulled out too late.