Thai Bitcoin Scammer Unable to Return Home Due to Passport Nullification

When the new tech – blockchain and cryptocurrency started gaining their popularity, the scammers and hackers have sprawled their legs to create the worst cases. In a recent news story, Thai police arrested 27-year-old soap-opera star Jiratpisit “Boom” Jaravijit that has been alleged to have manipulated the crypto scam amounting to $24 million.

With this, the Foreign Ministry of Thailand canceled his passport considering as a suspected person who is unable to return to his home country for certain prosecution purpose as reported by Bangkok Post on 10th October.

Further speaking to the subject matter, Prinya Jaravijit and several other involved to allegedly defraud Finnish investors of $24 million in the U.S. According to Pol Col Chakrit Sawasdee, Crime Suppression Division’s (CSD) deputy commander claiming that the passport of the prime accused Jaravijit has already been canceled by the Foreign Ministry. But because his passport was canceled, Jaravijit would not be in a position to return to Thailand even though Sawasdee insisted him to represent by Monday. Jaravijit was supposedly in the process of handling his return with the Thai embassy in the U.S.

Amid this, the Thai Anti-Money Laundering Office (AMLO) appropriated funds amounting to $6.4 million from Jaravijit’s family and other associated to the case. With this, local police supposedly direct accused’s family and his elder brother with the charge of money laundering case.

While elaborating further to the subject matter, Jaravijit and those associated with the case accused of defrauding Funnish millionaire Aarni Otava Saarima and his business partner by enticing them to invest to their Bitcoin (BTC) through the fraudulent investment scheme in place with the gambling based crypto token Dragon Coin. By investing into the scheme, Saarima invested through bitcoins but did not see any return accruing out of it nor did he receive any proper paper works pertaining to the transaction. Once he realized they he has been manipulating, he started approaching the CSD by executing a complaint in January.

The others accused that are associated with the case, are the family members, investors and businessman of Jaravijit namely Prasit Srisuwan, Chakrit Ahmad. All of them have been strictly asked for a compensation settlement with the Finnish investor.


Shalin Soni

Shalin joined CryptoNewsZ as Associate Finance (Cryptocurrency Research & Analysis) in 2018 and has 10 years of collective experience to work on financial modeling and financial planning & analysis activities (fp&a) domains. He has worked with various organizations in India and added values by leveraging his skills and expertise. He has strong domain expertise in research & analysis, valuation, and fp&a!! You can also mail him at [email protected] to discuss anything related to his reports.

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