Prime suspect of Bitcoin fraud scheme arrested in Thailand 25092 Prinya Jaravijit Arrested
Nitin Murali
Oct 13, 2018 at 1:49 AM

Prinya Jaravijit, the prime suspect of a $24 million Bitcoin fraud scheme was arrested on October 11, according to a report by Bangkok Post.

The Bitcoin fraud scheme made Aarni Otava Saarimaa, a Finnish investor lose 5,564 bitcoins which accounted to nearly 800 million Baht.

The alleged fraudster was arrested at the Suvarnabhumi airport’s inbound immigration zone while he was returning to the city from the US. He flew back to the country on Asiana Airlines’ Flight OZ741 from South Korea.

It was reported that he had left Thailand after his brother cum actor Jiratpisit “Boom” Jaravijit, who was also allegedly linked to the fraud scheme was arrested on Aug 9.

After arresting Prinya, he was taken to the Crime Suppression Division (CSD), where he was interrogated throughout the night. He was arrested mainly of two charges- conspiracy to defraud and money laundering.

After the interrogation, he was taken to the court early on Friday, where the police raised objections to his bail as he posed flight risk.

CSD deputy commander Chakrit Sawasdee said that Prinya was denied all charges but gave confusing accounts during interrogation.

His arrest came immediately after he fled from the US due to his passport being revoked by the Foreign Ministry. In case he stayed there, it would be illegal, leading to more charges and deportation.

The deputy commander also mentioned that Prinya’s parents and elder brother have been summoned to acknowledge money laundering charges coming Wednesday since his parents were said to have received 90 million Baht sent from Prinya.

According to an earlier report by BC Focus, Thai cops had given Prinya Jaravijit two options, either deportation or surrender. The Crime Suppression Division had given the mastermind time till 17 September to surrender or the extradition process will start. However, the alleged fraudster did not turn up.

See Also:

U.S. SEC strikes again, clamps down on fraudulent ICO

French investigators question alleged Bitcoin fraud Alexander Vinnik

Image via Shutterstock

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