Thailand TV Actor has Over $6 Million USD Worth In Bitcoin Seized in $24 Million Crypto Scheme
$6.4 Million USD Worth In Bitcoin Seized From Thai Actor’s Family In $24 Million USD Bitcoin Fraud Case
In an ideal world, we would never have to see the words Bitcoin and fraud linked. Unfortunaly, criminals are very keen on using the Bitcoin technology for crimes. Fortunately, they are often caught.
Today’s case is closely linked to a case of 10 months ago in which the Finnish national office filed a complaint that the country has lost 5,564 Bitcoins to thieves from Thailand.
Now, the family of Jiratpisit “Boom” Jaravijit is the new target of the Thai government as they have went on a war against money laundering after the Finnish case. According to The Nation, which reported on the case, the Anti-Money Laundering Office (AMLO) of Thailand has seized about $6.4 million USD worth in Bitcoin from the family of the famous actor.
Famous Actor’s Family Involved In The Finnish Case
At the time that the Bitcoin theft happened, Aarni Otava Saarima, a Finnish investor, had lost about $24 million USD. The action from the AMLO involved seizing the money from the family, which was directly linked to the theft case.
The AMLO has seized five accounts to get all the money from Jiratpisit and also a ploy odf land registered in the name of the actor. The money which was directly taken from the actor was about $1.4 million USD, almost everything from the property that was taken.
During the effort to confiscate the money from the family, other family members were targeted by the AMLO officers, including the elder brother of the actor, Prinya Jiravijit, and his sister, Supitcha Jaravijit. The assets seized were also land properties and bank accounts in this case as well.
The action from the governmental agency was so thourough that everyone known to be related to the crime, including even non-members of the family, had their assets confiscated if they were accomplices.
The Bitcoin Theft
While it may seem odd at least, the fraud case with the Finnish victim was masterminded by Prinya, the brother of the actor, which is accused of inving the Finnish investor to invest in stocks listed on the Stock Exchange of Thailand and transfering the money to his account instead after Saarimaa transferred the $24 million USD to Prinya’s wallet.
The problem began as the man did not invest as promised and vanished with the money, which was diverted to family members and used to buy land. The complaint was made to the Thai police in January 2018 and the organization acted after that.
Assets Will Be Held Over 90 Days
The anti-money laundering committee has decided to seize the 64 assets from many owners after the investigation. All interest over the assets will also be seized. According to the official memo from the AMLO office, the confiscation will be in effect for a period of 90 days, which started to run from August 14 and will continue until November 11.
Any person who considers himself to be the victim of a wrongful seizure of assets was invited to lodge an appeal with the court, as the AMLO stated that, during 30 days of learning about the order, anyone who believed to be unlawfully accused could appeal with the AMLO office.