The citizen from Thailand, who allegedly scammed an investor for $24 million worth of Bitcoin, is now detained in Bangkok Airport according to the latest crypto news coming from Bangkok Post.
Jaravijit, the Thai citizen arrived in Bangkok from South Korea en route from the United States. He was allegedly staying in the US for two months because of the same allegations concerning his brother. His brother was also accused of committing the same crime.
After he was arrested, he was charged with conspiracy to defraud and money laundering. He was delivered to the local police and his lawyers are now applying for bail.
According to a local newspaper, the investor from Finland Aarni Otava Saarimaa with his business partner Chonnikan Kaewkasee told the Thai Crime Suppression Division that Jaravajit and six other fraudsters had forced them into investing $24 million worth of Bitcoin. The investment was a part of a scheme involving a couple of companies.
Both of the partners, however, did not receive any dividends or proof of the investment. They were also never invited to a shareholder’s meeting. The crime division states that all of the funds were withdrawn from their wallets and converted into baht. Shortly after, the fraudsters spent all the money.
This is not the first time Jaravijit is in the center of attention about committing a fraud. Before this, the Thai Money Laundering Office confiscated more than $6.4 million from his family.
The Thai Foreign Ministry revoked his passport and made his stay in the United States illegal.
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