Bitcoin Scams Continue: The Story of a Finnish Victim
Thai law enforcement arrested a famous actor after being identified as having been involved in a Bitcoin (BTC) scam scheme.
We all know some marketing schemes, and the use of celebrity to promote a product or service is one of them. For a Thai actor and a Finnish man, the game ended with police intervention.
Towards the end of last week, famous actor Jiratpisit “Boom” Jaravijit was arrested after being found guilty for joining a money laundering scheme, involving Bitcoin.
The victim is the 22-year-old man from Finland, Aarni Otava Saarimaa. The man was convinced by the actor and other scammers to send a certain amount of money worth in Bitcoin (BTC) to several addresses linked to the companies within the business venture. Under the agreement, these companies have pledged to invest the virtual assets in Dragon Coin– a crypto coin used in gaming platforms.
5,500 BTC were invested
The victim’s investment was worth 5,500 BTC. The man announced the police after noticing that the companies did not give him any answer nor the dividends. After a thorough investigation, the authority found that Bitcoins (BTCs) were withdrawn from accounts and converted into Thai Baht.
As part of the scam scheme, Jiratpisit “Boom” Jaravijit was arrested and then released on bail on condition that he would pay a fine of 2 million baht and not leave the country.
It is supposed that besides the actor has also been involved five or six scammers who are to be arrested if found, including the 35-year-old actor’s brother and sister aged 32.
It looks like the money was re-invested in businesses based in Bangkok, Nonthaburi, and Chon Buri.
Note that Dragon Coin is not involved in the money laundering scheme. The Finnish man sent the culprits more than $ 34 million in BTC on the false promise to invest in the abovementioned cryptocurrency. There is no data that would state the value the police can recover.