Bitcoin Scam

Prime Suspect in $24 Million Bitcoin Scam Arrested in Thailand

Thai citizen Prinya Jaravijit, who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok, the Bangkok Post reports Friday, Oct. 12.
The Thai Money Laundering Office confiscated funds worth $6.4 million from Jaravijit’s family and other people connected to the case, and is preparing to charge the suspects with fraud.

Following the detention of his brother, Prinya Jaravijit reportedly fled to the U.S. to avoid charges. He was ordered to return to Thailand by Oct. 8, but failed to do so. The Thai Foreign Ministry then revoked his passport which made his further stay in the U.S. illegal.