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Prime suspect in $24 million Bitcoin fraud case has been arrested by Thai police

12 Oct, 2018
by Richard Allen
News
Prime suspect in $24 million Bitcoin fraud case has been arrested by Thai police

The prime suspect in the case that saw a 22-year-old Finnish millionaire scammed out of 5,564 Bitcoins in Thailand has been arrested after returning to the country after fleeing to the US, the Bangkok Post reports.

Recap: Brother of Thai actor arrested in crypto scam has fled to the US

Prinya Jaravijit, the prime suspect in the case that led to the loss of 797 million baht (around $24 million) of Finnish national Aari Saarimma’s money, was arrested at Bangkok’s Suvarnabhumi airport.

He reportedly fled Thailand after his younger brother and actor Jiratpisit “Boom” Jaravijit was arrested after his implication in the crime.

Prinya Jaravijit was arrested on charges of conspiracy to defraud and money laundering. After his interrogation by Thai police, Crime Suppression Division (CSD) deputy commander Chakrit Sawasdee said officers took the suspect to court on Friday morning, where the police raised concerns over whether he poses a flight risk.

Thailand's foreign ministry revoked Prinya’s passport. Without a valid passport, he would be staying in the United States illegally which would only lead to more charges being placed against him. His travel back to Thailand was facilitated by the Thai embassy in the US.

According to CCN, other members of the Jaravijit family are also suspects in the case, including Prinya’s younger sister, Supitcha. Additionally, Prinya’s parents and his older brother are scheduled to appear in court next week on charges of money laundering.

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