Sunday, December 8, 2019

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

Jide Idowu
I am Jide Idowu. A stay-at-home dad and a cryptocurrency enthusiast. I have had my hands on freelance writing for over five years, researching and writing guides, reviews, and latest cryptocurrency news for various blogs and individuals world over.

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.

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.

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