Thai Actor And Siblings Plead Not Guilty In $24 Million Bitcoin Scam
Thai siblings who are being prosecuted for scamming a 21-year-old Finnish investor of bitcoin worth 797 million baht in the Criminal Court of Bangkok have pleaded “not guilty” to the charges. They are involved in a Bitcoin Scam.
Prosecutors accused the siblings, Prinya, Supitcha and Thai actor Jiratpisit Jaravijit of convincing Finnish investor Aamai Otava Saarimaa to invest in Expay Software Co, the DragonCoin token and to buy 500 million shares in DNA (2002) Co. According to the Bangkok Post, Saarimaa did as he was told by transferring bitcoins to the sibling’s wallet address.
The siblings however failed to fulfill their side of the bargain and decided to divert the funds into a private account owned by the family and then later invested it in landed properties in Thailand. Not receiving the profit he was promised, Saarimaa went ahead to complain to the Thai Crime Suppression Division (CSD). This led to the confiscation of the assets owned by the Jaravijit family.
The assets, which were seized by Thailand’s Anti-Money Laundering Office (AMLO) included bank accounts and plots of lands belonging to members of the family. The assets are expected to be confiscated for a 90 days period.
Jirapisit and Supitcha were arrested in August and then released when their bail requirements were perfected. Prinya, who is the eldest in the family and the alleged mastermind of the fraud escaped arrest by running to the U.S.