Alleged Mastermind Of $24M USD Bitcoin Scam Arrested In Thailandbr>
Prinya Jaravijit, the alleged mastermind of the $24 million bitcoin scam in Thailand, has been arrested last week at Bangkok’s Suvarnabhumi Airport.
Jaravijit is the prime suspect in swindling Finnish investor Aarni Otava Saarimma out of bitcoin worth 797 million baht ($24M USD). Jaravijit, along with his brother and five other suspects, allegedly lured the victim into transferring 5,564 bitcoins in the belief they would buy shares in companies that invested in digital currency Dragon Coin. The victim said he never received the shares after making the transfer.
After the arrest of his younger brother and Thai actor Jiratpisit “Boom” Jaravijit in August, Prinya reportedly left Thailand and spent two months in the United States. Prinya, who was wanted on charges of conspiracy to defraud and money laundering, was nabbed by authorities at the inbound immigration zone at Suvarnabhumi airport at 11:30 pm on October 10. He reportedly flew back to Thailand on Asiana Airlines’ Flight OZ741 from South Korea.
After his arrest, the authorities took Prinya immediately to the Crime Suppression Division (CSD) for investigation. The suspect was then taken to court early Friday, where the authorities raised objections to his bail, arguing that he was a flight risk.
CSD deputy commander Chakrit Sawasdee said that investigators have also summoned Prinya’s parents, Wisit and Lertchatkamol Jaravijit, and nd his older brother, Tanasit, to acknowledge money laundering charges on Wednesday. The parents were said to have received 90 million baht wired from Prinya.
“Ms Lertchatkamol received money from Mr Prinya before passing it to her husband,” Sawasdee said. “Mr Prinya also transferred money he received to Mr Tanasit, who distributed it to others.”