Wednesday, August 21, 2019

Thai Actor Charged For Money Laundering Worth $97m Has Been Arrested

Jiratpisit Jiravijit, a famous Thailand movie star was arrested at a movie set on the 9th of August for the charge of money laundering. The actor was alleged to have scammed a Finnish investor in conjunction with his family members. The Finnish investors were advised to invest in a virtual currency project named Dragcoin, which happened to be a scam.

Jiratpisit Jiravijit Charged for Money Laundering

Thailand movie star, Jiratpisit Jiravijit was arrested on the 9th of August at a movie location, Major Cineplex Ratchayothin complex in Bangkok for the charge of money laundering. The actor was alleged to have scammed a Finnish investor of Over $97 million worth of BTC.

The Finnish investor known as Aarni Otava Saarimaa was invited in 2017 by the actor to invest in a cryptocurrency project named Dragcoin. The investor was promised to be a substantial shareholder of the project and also more rewards. Saarima went ahead to finance the project with about 5,500 Bitcoins. The cryptocurrency project was aimed at blending investor, crypto community, and the entertainment world.

After injecting his fund into the project, he was expecting more contact to be made, especially for shareholders meeting and information on the progress of the project, but Saarimaa had nothing about the project anymore. The stunning silence from the investment-led him to report to the royal Thailand police authority in January of this year. The royal Thailand police had made an investigation on the situation since then before they made more to arrest Jiratpisit on the 9th of August.

According to the report of the investigation conducted by the Royal Thailand police, Jiratpisit Jiravijit received the payment of the Bitcoin and converted it to fiat currency; it was also discovered to have transferred the converted funds to his brothers for some reasons. This created a chain of scammers and suspects. On The 26th July, the criminal court issued a warrant to arrest the actor under the charge of money laundering and also all the suspects involved in the scam, which includes the exchange through which Jiratpisit exchanged the BTC cryptocurrencies and also his family members. Jiratpisit denied the allegations against him.

Related Article:  G20 World Leaders Promised To Monitor Cryptos Against Risks

The event is not the first in the recent time of celebrity found to be a culprit of cryptocurrency theft. A Bollywood star’s Husband Raj Kundra was Accused recently of participating in a $300 mln worth of BTC scam. Even as the crypto scam trends, celebrities are not excluded as probable culprits. This demands for taking proper precautions before any form of investment is made.

More Articles

North Korea May Have Hoarded $200 Million Worth Of...

Former United States National Security Agency (NSA) officer, Priscilla Moriuchi had recently said in an interview that she believes North Korea has a stockpile...

More Indians Get Into Crypto Through Low-value Bitcoin Gift...

Bitcoin gift vouchers have recently been rising on the popularity scale in India’s IT center, Hyperabad. Some might consider this a surprise considering the...

Former Goldman Sachs Partner Says Bitcoin is Going to...

Mike Novogratz, a former Goldman Sachs partner and founder of Galaxy Digital in an interview with Bloomberg TV on February 13 stated that Bitcoin will...

Cryptocurrencies Can’t Be Seized As Debt Payment, Moscow Court...

In an interesting case, a Russian court decided today that crypto assets can't be taken as debt payments in any case, because the Russian...

Gift Card and Shopping Company Moves to Blockchain-based Platform

Swych, a digital gift card company is now using a Blockchain-based platform to render its services. This is a company that allows its customers to...

Applicature Partners Neblio to Drive Quality Projects On The...

On April 3, Applicature, a blockchain development agency announced its partnership with Neblio, a blockchain platform developed in 2017. Their collaboration will...

TV Subscription Using Bitcoin Cash is now Possible On...

Users of DISH TV can now subscribe with their Bitcoin Cash to watch their favorite TV channels. This is made possible by BitPay, a...

Peter Todd Proposes A Raise In Bitcoin’s [BTC] Total...

Bitcoin has a limited supply of 21 million coins which we're all happy about. It'll ensure that someday, even though not today,...

Blockchain Training Included In South Korean’s Strides Towards “Fourth...

The South Korean Government, through the country’s Ministry of Science and Technology, will popularize the training of blockchain technology in a bid to train...

Winklevoss Twins To Pay $45K To Charlie Shrem As...

Judge Jed S. Rakoff has ordered Cameron and Tyler Winklevoss, the first bitcoin billionaires to repay Charlie Shrem $45,000. The twins had earlier filed a...

AirdropVenezuela Raising $1 Million in Cryptocurrency For Venezuelans

AirdropVenezuela has embarked on raising $1 million for Venezuelans in Cryptocurrency. This is aimed at impacting the lives of the impoverished Venezuelans positively. AirdropVenezuela and...

Sirin Labs Dismisses 25 Percent of its Workers Amid...

The maker of the Finney blockchain phone, Sirin Labs, has laid off 25 percent of its workforce. The Israel based firm stated...

Latest Articles

Why Some Financial Bubbles Are Necessary Economic Disasters

Why US-based people can’t bet with bitcoins at online...

Online gambling using bitcoin has been happening since the time when cryptocurrency came into being. In the initial days, gamblers used to opt for...

Couple Pays For Breakfast Using Bitcoin, Community Finds This...

A Reddit user by the username u/portageco recently made a post in bitcoin's official subreddit. In his post, u/portageco boasts about how he paid...

Australian Woman Leads Adoption, Tours 10 Countries Spending Cryptocurrencies

Who says you can't go around the world spending cryptocurrencies? As many believe, cryptocurrencies are only good for speculations. But with a little research,...

Did A Physical Bitcoin Just Sell For $99k On...

As at the time of reporting, the listing on eBay had closed. This could be because the seller got a buyer or he decided...

Litecoin Now Approved In 30,000+ Stores

As cryptocurrencies gain ground, more and more technology-based firms find ways to incorporate the nascent technology into everyday life. Moon, prior to this time,...

How To Shop on Amazon with Bitcoin – Step-By-Step...

Wondered how to shop on Amazon with bitcoin? Then here's how you can purchase goods on one of the largest e-commerce websites that ships...

How To Buy Bitcoin On Coinbase – Step-By-Step Guide

Buy Bitcoin on Coinbase instantly in the U.S., UK, Canada, or anywhere you are globally. Coinbase cryptocurrency exchange has enabled its customers buy the...

Grayscale Bitcoin Trust Boosts By 300%, Affects Oil &...

The institutional investment product, Grayscale Bitcoin Trust (GBTC), experienced a growth of more than 300% due to its outstanding performance since February, Forbes reports....

How To Create A Coinbase Account – Step-By-Step Guide

Create a Coinbase account with ease. Use this illustrative guide to create a Coinbase account for buying, selling, and storing cryptocurrencies. And you know...

$9.2 Trillion Transferred Using Bitcoins In 2.5 Years

Against present belief that bitcoin is only used for speculation, James McDowall, a crypto investor and advisor shared a metric about Bitcoin that's been...

Malware Posing as Movie File Manipulates Results and Steals...

A new form of malware posing as movie file was discovered last year and was designed to steal cryptocurrency and inject manipulated results into...