A couple of months ago we reported that a Finnish millionaire was scammed out of his Bitcoin fortune in which a Finnish national, Aarni Otava Saarimaa, lost bitcoin which was worth approximately US$24 million at the time the crime occurred. Now, it looks like the Thai police have arrested a prime suspect, Prinya Jaravijit.
According to Bangkok Post, Thailand’s Foreign Ministry revoked Prinya Jaravijit passport at the Crime Suppression Division (CSD)’s request was arrested after returning to the country from the US on Wednesday night.
Prinya was issued with a surrender order over a month ago and the Criminal Suppression Division had given Jaravijit until September 17 but he remained at large, according to CCN.
Jaravijit’s entire family is accused of being in on the crime, fraud, collusion, and money laundering, including Prinya Jaravijit’s younger actor brother and even his parents.
The Nation added that Thailand’s Anti-Money Laundering Office (AMLO) has seized assets worth 210 million baht valued at $6.4 million belonging to the Jaravijit family over their involvement in the bitcoin fraud case.
You’ll remember that in the case of Saarimaa, social engineering was used to con the 22-year-old crypto millionaire into giving the Thai swindlers direct access to 5,564.4 of his Bitcoins, according to the Bangkok Post.
Incidentally, the fraud committed by nine perpetrators was only incidentally cryptocurrency-related. While the fraudsters were arrested and charged for money laundering and fraud, only $6.4 million the 24 million dollars worth of Bitcoin has so far been recovered.