Finnish Crypto Millionaire Investor Loses 5,500 Bitcoin (BTC) in Gambling Scam Trickery
Finnish Investor And Millionaire Gets Tricked Into Crypto Scam, Loses Nearly 5,500 BTC
It has been recently revealed by Bangkok Post, that a young crypto investor and millionaire, Aarni Otava Saarimaa was robbed of his bitcoin [BTC] holdings. In particular, he lost 5,500 BTC, which is worth close to USD$34.9 million at the time of writing.
It looks like the 22-year-old was fooled into thinking that his investment would be split among different strategic investment plans including that of a crypto project dubbed, the “Dragon Coin”, which was promised as the next token to be used at casinos.
How Did It All Happen?
Saarimaa first met the group of scammers, namely nine members, back in June 2017. He was not only approached but also persuaded into investing bitcoins. Thailand’s Crime Suppression Division (CSD) was investigating into the matter for nearly six months and have successfully arrested some of the players involved.
What Saarimaa thought was a heavy contribution towards three companies, a casino and a cryptocurrency token turned out to be nothing more than a scam. Failure to generate the promised return, Saarimaa and his business partner, Chonnikan Kaeosali immediately filed a complaint with Thailand’s CSD.
Who Got Caught?
It has been revealed that Thai actor, Jiratpisit ‘Boom’ Jaravijit was among the nine to have scammed Saarimaa and his business partner. As well as his two brothers, one of which remains in hiding. The former two have been charged with money laundering charges for their fraudulent activity.
According to the Deputy Commander of CSD, Pol Col Chakrit, the length of the investigation reflects the amount of work that had to go into it. In particular, it was shared that they “had to carefully examine documents and trace the money trail […] it took us almost seven months to get approval for the arrest warrants for the first group.” This also shows that not all members have been punished to date.
This only goes to show that investors should be careful when it comes to crypto projects, as celebrity endorsement does not necessary mean that the project is legitimate. Many celebrities have accepted entry to the crypto sphere, without having a complete understanding of what’s going on – unfortunately, this not only impacts their reputation, but could hit those of one’s fanbase.