Thailand Police Make More Arrests In $24 Million Bitcoin Scam

Thailand’s Crime Suppression Division (CSD) has pursued arrest warrants of six more people involved in a $24 million Bitcoin fraud.

The law enforcement agency has revealed that among the six wanted individuals, two are siblings of the popular Thai actor Jiratpisit Jaravijit. One of them is the elder brother of Jaravijit, Prinya Jaravijit, while the other is a famous stock exchange investor, Prasit Srisuwan. Police have already apprehended Jiratpisit for his role in the fraud. But the Criminal Court gave him a bail set at almost $60,000, believing “he is not a flight risk.” The court also stated there is not enough evidence proving that Jiratpisit was part of the scam to attract the victim.

However, the 27-year old soap actor will face money laundering charges due to the money trail that led authorities to his account.

Even though evidence proves otherwise, Jaravijit has denied all charges made against him.

The CSD accuses Prinya of being the leader of the fraud. The reports show that he had invested in real estate in Thailand using the fake money, and his bank accounts-presently frozen- got $3.3 million in total.

Suphitcha, on the other hand, got $4.2 million from the fraud.

Presently, the authorities have apprehended 14 plots of land worth $5.27 million and have frozen more than 50 bank accounts linked to the scam.