Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Coinbase CEO Confirms Weekly Bitcoin Purchases

    Coinbase Increases Bitcoin Purchases Under Armstrong’s Leadership

    Binance’s Zhao Envisions 0.1 BTC as New Wealth Benchmark

    Binance’s Zhao Predicts 0.1 BTC Future Worth Exceeding U.S. Homes

    Bakkt Holdings Files $1 Billion Shelf Offering

    Bakkt Files $1 Billion Shelf Offering

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Shiba Inu Sees 12,000% Burn Rate Spike

    Dinari Gains Approval for First U.S. Tokenized Stock Platform

    GF Securities Launches Yuan-Backed Tokenized Securities in Hong Kong

    Pi2Day Sparks Speculation over Pi Coin Listing

    XRP Lawsuit: Ripple and SEC Appeal Status Update

    World Chain Prioritizes Human Transactions with Blockchain Upgrade

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Thai Police Busts Local Celebrities Involved in 5,500 BTC Scam

Anca F. by Anca F.
August 13, 2018
in Latest News

Thai police have apprehended a group of scammers who successfully swindled Aarmi Otava Saarimaa, a 22-year old Finnish man, of over 5,000 bitcoins, according to a report made by the Bangkok Post on August 13, 2018.

As reported by the Bangkok Post, Aarni Otava Saarimaa, a businessman and bitcoin millionaire from Finland lost 800 million baht worth of bitcoin to the fraudsters, who under the guise of an investment opportunity with three firms lured him into giving his money.  The scammers lied deceived him into believing he would have shares in Expay Group, NX Chain Inc and DNA 2002 Plc, as well as buying Dragon Coins, which they claimed would be the native coin of a casino in Macao.

But after the 5,564.4 bitcoins (worth approximately 24 million dollars at the time) from trusting investors, the criminals exchanged the crypto coins into fiat currency and deposited it into various bank accounts belonging to seven suspects, and with some of it bought plots of land.

According to an inside source, the operation happened in June 2017, but the Crime Suppression Division (CSD) received the report in January 2018, when the victim’s business partner Chonnikan Kaeosali, filed a complaint to the police and notified them of the situation.

Colonel Chakrit publicised:

“This case is complicated. We had to carefully examine documents and trace the money trail. We collaborated with Anti Money laundering organization, and it took us almost seven months to get approval for the arrest warrants for the first group.”

Thai law enforcement agents have caught some of the fraudsters involved, arresting soap opera actor Jiratpisit “Boom” Jaravijit, 27, in July, while his sibling Prinya Jaravijit, has left the country to the United States via South Korea. The CSD has alerted U.S. authorities of this situation. The police believe that at least nine people were involved in the scam.

The suspects are now facing charges of money laundering and may also be charged with fraud too.

Investigators have reportedly frozen 51 bank accounts which they believed were connected to the case, and they also seized 14 plots of land worth 176 million baht which were bought by the suspects.

While the Thai regulators have started to warm up to the crypto space, with the nation’s authorities already applying agreeable laws, cases such as this are a huge drawback to the entire adoption process.

Tags: Aarmi Otava Saarimaabitcoin scamcrypto scamFinnish bitcoin millionaireJiratpisit “Boom” Jaravijitthai policethai soap opera actorThailand
Previous Post

BitConnect’s BCC Token Has All the Chances to Become a Dead Coin

Next Post

Ethereum (ETH) Trades Bellow $300 Amid Bearish Market Movement

Anca F.

Anca F.

Related Posts

GF Securities Launches Yuan-Backed Tokenized Securities in Hong Kong

by Solomon M.
June 27, 2025

GF Securities initiates yuan-backed tokenized securities in Hong Kong, targeting institutional investors with a new interest-bearing product.

Federal Reserve’s Impact on Crypto Amid U.S. Tariff Changes

by Solomon M.
June 27, 2025

Federal Reserve's stance sparks crypto market volatility as U.S. tariff pause ends.

Ripple and SEC May Withdraw Appeals in XRP Case

by Solomon M.
June 27, 2025

Lawyer forecasts Ripple and SEC may drop appeals over XRP rulings, impacting regulatory landscape.

David Sacks Aims for September Crypto Market Clarity

by Solomon M.
June 27, 2025

David Sacks, "Trump’s Crypto Czar," targets September for U.S. crypto market clarity.

David Sacks Pushes for U.S. Crypto Bill by September 2025

by Solomon M.
June 27, 2025

David Sacks leads efforts for a U.S. crypto market structure bill, aiming for completion by September 2025.

Trump’s Crypto Czar Aims for September Legislation Passage

by Solomon M.
June 27, 2025

Trump's crypto czar, David Sacks, supports U.S. market structure bill passage by September.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.