Thai Actor Pleads His Innocence Over $24 Million Bitcoin Scam

Published 5 years ago on November 12, 2018

Thai Actor Pleads His Innocence Over $24 Million Bitcoin Scam

Three siblings from Thailand are being prosecuted by a 21-year-old Finnish investor for Bitcoin fraud committed against him worth $24 million. In the court, the criminals have pleaded their innocence for the charges against them. During the hearing, the siblings Prinya, Supitcha and the popular actor from the country Jiratpisit Jaravijit of convincing the Finnish investor Aamai Otava Saarimaa to invest in Expay Software Co, the DragonCoin token, and to buy 500 million shares in DNA Co. Saarimaa felt he had seen a legitimate opportunity to grow his portfolio and so he followed the advice by transferring Bitcoins to the sibling's wallet addresses. After getting the funds, the siblings didnâ€™t fulfil their side of the deal. Instead of going through on the agreement they decided to divert the funds into a private account which is owned by the family and was later used to invest in properties in Thailand. When the Finnish investor didnâ€™t receive the profits he was promised, Saarimaa filed a complaint against the Crime Suppression Division in Thailand. What later followed was the confiscation of the assets that the Jaravijt family owned. The assets were seized by Thailand Anti-Money Laundering Office included bank accounts and plots of lands belonging to members of the family. It is expected that the assets will be held for a period of ninety days. The arrest of the actor and Supitcha occurred in August and then released when their bail requirements were perfected. The eldest sibling involved, Prinya was apparently the mastermind behind the scam and managed to escape arrest by fleeing to the US. As said by CCN:

â€œPrior to his arrest in October 2018, the CSD had asked Prinya to make himself available for interrogation in September, but he failed to show up, which led to a Surrender Order, which was issued, informing Prinya that extradition proceedings would be initiated if he continued to ignore the authorities.â€

With his passport revoked, he was forced to return back to Thailand during October this year and he was subsequently arrested and is currently being held in the Bangkok Remand Prison without chance of bail. I guess this is just another example that crime doesnâ€™t pay... What are your thoughts? What do you think will happen to the siblings? Let us know what you think down below!

Robert Johnson

Robert first came across Bitcoin in 2016 during a meetup in Belgium, and has been hooked ever since. With a background in Economics, you can find Robert frequently looking at the Twitter feed of the SEC for any regulatory updates relating to Bitcoin and Crypto in general.

Thai Actor Pleads His Innocence Over $24 Million Bitcoin Scam

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