Bitcoin scam artist arrested in Thailand

KrishaBitcoin

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Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

What a huge Bitcoin amount that was involved and i think this is one of the reason of why the Bitcoin value suddenly crash this week because after they stole the Bitcoin then of course they will sell the Bitcoin immediately for the physical money. Hopefully they will surely be punish and regulations must be strengthen more after this because these bad people are making the crypto currency investments reputation to become bad.

Cupomi

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Quote from: Danilotot on October 13, 2018, 03:07:57 AM

many really scammers have used bitcoin for their scam. here in my country there's also a synagogue, using the name of bitcoin to scam people. so we can take care of all of these people.

fraudsters everywhere always use a variety of ways, one of which uses the media from bitcoin which is now starting to mushroom around the world, the fraud factor of using bitcoin as a fraud tool is that there are so many bitcoin users who want a lot of profits in a relatively short time, this can a very good target for criminals, so bitcoin is only used as a means, so we can all take lessons from a number of cases that have happened very much, so we can avoid all forms of fraud that use bitcoin as an attraction.

goldreset

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Quote from: timerland on November 05, 2018, 03:41:32 PM

Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

Quote

The victim had given 5500 Bitcoin BTC to Mr. Prinya who supposedly did not spend the money on the agreed investments. Instead, Prinya transferred most of the BTC to his family members. His younger brother, famous Thai screen actor Jiratpisit Jaravijit, his father Suwit Jaravijit, his mother Lertchatkamol and his younger sister Supitcha Jaravijit have been accused.

This isn't really anything related to bitcoin at all.

You scam anyone out of a certain amount of money above a threshold that depends on the country you're in, you'd go to jail for it. It doesn't matter whether this scam is conducted with bitcoin or not, even though the means of payment in this case, is indeed, bitcoin.

Anyways, the latest development seems to indeed indicate that they have reached private settlement and that the scammers will not be held accountable for their actions. However, with the irreversible nature of bitcoin, not everyone is going to get lucky like this. Be careful when you get pitched the idea of investing, especially when it's online and you are paying in an irreversible means of payment.

Private settlement? wow. probably this is how bendable the law in Thailand can be.
In all aspect I am glad such acts and events come to light for the public awareness.

timerland

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Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

Quote

The victim had given 5500 Bitcoin BTC to Mr. Prinya who supposedly did not spend the money on the agreed investments. Instead, Prinya transferred most of the BTC to his family members. His younger brother, famous Thai screen actor Jiratpisit Jaravijit, his father Suwit Jaravijit, his mother Lertchatkamol and his younger sister Supitcha Jaravijit have been accused.

This isn't really anything related to bitcoin at all.

You scam anyone out of a certain amount of money above a threshold that depends on the country you're in, you'd go to jail for it. It doesn't matter whether this scam is conducted with bitcoin or not, even though the means of payment in this case, is indeed, bitcoin.

Anyways, the latest development seems to indeed indicate that they have reached private settlement and that the scammers will not be held accountable for their actions. However, with the irreversible nature of bitcoin, not everyone is going to get lucky like this. Be careful when you get pitched the idea of investing, especially when it's online and you are paying in an irreversible means of payment.

KorakPawon

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Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

The fraud that occurred in Thailand according to the article I read, involved actors popular in Thailand and according to the info I got from his fraudulent article reaching $ 34 million ASD, he was arrested while trying to return to Thailand at the airport. This arrest is supposed to be done because this is a criminal act that harms others, and must be a lesson for all when this happens to us, do not hesitate to immediately contact the authorities, and hopefully the same thing does not happen again.

bosta20

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Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

Am so happy to hear this...gradually we will flush out bad actors....this is good news for the entire crypto community!

Harlot

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Quote from: marcbitcoins on October 31, 2018, 09:18:10 PM

It is right for this people to be arrested and punish at the fullest extent of the law as these people will only make the crypto currency reputation to become more ugly in the eyes of the decent people and investors making them to stay away of this investment. This scam people should be dealt accordingly so that other people will not do the same fraud activities.

Oh they will get what they deserved all right, but I do think people are now aware that it is not the cryptocurrencies' fault and they are not putting the blame to it. With that kind of money stolen this victims know already the potential of cryptocurrencies in terms of investment but these kinds of events show that criminals also have the same intent on being rich with the industry. My point is scams are happening not only in crypto and as an investor we shouldn't blame the asset itself but the ones who are attracted to it, we should learn not to fall in these investments scams so that they will not thrive in our marketplace.

Patient_Zero

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Quote from: Danilotot on October 13, 2018, 03:07:57 AM

many really scammers have used bitcoin for their scam. here in my country there's also a synagogue, using the name of bitcoin to scam people. so we can take care of all of these people.

Fraudsters can be in any country because a fraudster will always look for weaknesses of the people who are looking for a business that quickly gets profit but does not want to work hard, which is always the target of fraudsters. and bitcoin is one of the means to cheat people with a lot of profits, it can happen anywhere.

shendy

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Quote from: marcbitcoins on October 31, 2018, 09:18:10 PM

Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

It is right for this people to be arrested and punish at the fullest extent of the law as these people will only make the crypto currency reputation to become more ugly in the eyes of the decent people and investors making them to stay away of this investment. This scam people should be dealt accordingly so that other people will not do the same fraud activities.

The perpetrators must be punished in order to deter, and the perpetrators actually make crypto currencies worse, whereas crypto is a future asset that has a double advantage and is used by scammers. The news is alarming, and the perpetrators are indeed worthy of imprisonment.

marcbitcoins

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Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

It is right for this people to be arrested and punish at the fullest extent of the law as these people will only make the crypto currency reputation to become more ugly in the eyes of the decent people and investors making them to stay away of this investment. This scam people should be dealt accordingly so that other people will not do the same fraud activities.

olubams

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Quote from: 1BTC EQUALS 1CAR on October 17, 2018, 02:02:56 AM

Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

$24 million is just small compared to what happened in Vietnam, Indonesia and Philippines. There's a lot of these cases that happened recently and in the past. People should really be aware on what bitcoin is because even the banks in our country are strict and they not let you open an account if they heard that your source of income is from crypto.

There is nothing like small here. Anytime a fraud is committed and crypto is involved, it does not only deny the owner of the fund her some reason to live, it also bring disrepute to the entire crypto industry and justify the stand of those who have always maintained that crypto especially bitcoin is used mainly by criminal to carry out their activities. I support this move to a large extent because it gradually setting a standard that you cannot think because the chances of you being tracked is low compared to banking transactions should mean a clean cheque to go ahead in duping people of their hard earned resources.

1BTC EQUALS 1CAR

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Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

$24 million is just small compared to what happened in Vietnam, Indonesia and Philippines. There's a lot of these cases that happened recently and in the past. People should really be aware on what bitcoin is because even the banks in our country are strict and they not let you open an account if they heard that your source of income is from crypto.

creeps

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Quote from: Bessta on October 16, 2018, 06:39:48 AM

It is always good news to hear that scammers and fraudsters are arrested to prove to the cryptomarket that there are ways and possibilities to catch those bad guys proliferating here. I wish they will be face with maximum punishments for their wrongdoings.

Yeah, good to hear news like this but we must not forget about those hacking incident with the crypto exchanges and until now, no one has been arrested and the one who suffers a lot are the exchanges and most of all the investors. Scamming incidents in cryptomarket is very popular, hacking exchanges also and if we really want to have a greater future we must improve the security of every exchanges and also we need to educate more people about cryptocurrency so no one will become a victim of a scam.

olubams

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Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

I expect to see the link to the news for the same of those who want to follow up on the case and even give you the answer you requested for but now, you have denied those people the chance. I think its a good development that people are brought to account for their activities online especially when it involves illegal activities to the detriment of other people and denial of their resources to also send a message to others who feels that is the best route to make riches that anonymity of crypto can be unveiled in extreme situations.

Bessta

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It is always good news to hear that scammers and fraudsters are arrested to prove to the cryptomarket that there are ways and possibilities to catch those bad guys proliferating here. I wish they will be face with maximum punishments for their wrongdoings.

Theb

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In a legal point of view the Thai government does not have any legal interest whatsoever to Prinya Jaravijit and should be extradited back the the United States where he committed the felony against the Finnish investor. He should be facing charges on the crimes he committed under frauds, swindling, and money laundering where he could face a stack of charges resulting to more than 20 years of imprisonment. But of course this charges could be dropped as the U.S. government is known for making deals in order to catch the bigger fish in the crime which is a high possibility of happening, just by reading the news I see that there are still a lot of people involve and he can rat them all out in exchange for his freedom.

wongdeso

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News that is quite tense, a reliable scammer and watch out for, this event will certainly be a warning and we must be more vigilant. Online scammers are indeed experts and this will be revealed too, hoping the scammer has begun to deter and curse.

Tapyaks72

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Quote from: chickenado on October 15, 2018, 02:33:29 PM

Quote from: jseverson on October 15, 2018, 08:52:55 AM

For more context:

Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

That's right. Fraud is fraud, no matter what you stole. Given the massive amount, it doesn't look like the fraud being Bitcoin specifically is a very significant detail, but I guess blockchain evidence is nice. The scam itself is likely very elaborate and I hope they share more specific details in the future to prevent similar incidents.

I think people learned from this kind scenarion, which definitely feed them with precautions so that it could prevent them from venturing any scam attempts leaded by fraudsters. If this continues to happen, many people will be a victim, and since were moving forward to bitcoin's progressive world there it comes this problem proliferated by those criminals using bitcoin as their tool to target victims.

This kind of scammers should be liable for the crime of thief, even though it is a cyber in form but there's a law covering cyber fraud, this must be punished under the law, because I think most of the country around the world has already these kind of laws as we progress to digital age. Scamming bitcoin is a crime under cyber law.

chickenado

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Quote from: jseverson on October 15, 2018, 08:52:55 AM

For more context:

Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

That's right. Fraud is fraud, no matter what you stole. Given the massive amount, it doesn't look like the fraud being Bitcoin specifically is a very significant detail, but I guess blockchain evidence is nice. The scam itself is likely very elaborate and I hope they share more specific details in the future to prevent similar incidents.

I think people learned from this kind scenarion, which definitely feed them with precautions so that it could prevent them from venturing any scam attempts leaded by fraudsters. If this continues to happen, many people will be a victim, and since were moving forward to bitcoin's progressive world there it comes this problem proliferated by those criminals using bitcoin as their tool to target victims.

passwordnow

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Quote from: jrrsparkles on October 15, 2018, 01:16:00 PM

He did scam or crimes?

I really don't kow what is all about but bitcoin has nothing to do woth scam but it can be used by scammers so don't make it into discssion which can affect the bitcoin's growth in somewhat.

The link was given by jseverson and they scammed.

https://cointelegraph.com/news/prime-suspect-in-24-million-bitcoin-scam-arrested-in-thailand

jrrsparkles

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Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

He did scam or crimes?

I really don't kow what is all about but bitcoin has nothing to do woth scam but it can be used by scammers so don't make it into discssion which can affect the bitcoin's growth in somewhat.

jseverson

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For more context:

Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

That's right. Fraud is fraud, no matter what you stole. Given the massive amount, it doesn't look like the fraud being Bitcoin specifically is a very significant detail, but I guess blockchain evidence is nice. The scam itself is likely very elaborate and I hope they share more specific details in the future to prevent similar incidents.

bryant.coleman

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Lol... I first thought that it was "the goat" (older members know about him). But then I noticed that he was having a Thai name. The goat I know is a western expat who is residing in Thailand. Just re-ignited my memories about the good old days of Bitcointalk. For the noobs, here is the goat:

https://bitcointalksearch.org/user/el-cabron-44233

Mhd-Bobbi

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Quote from: Nicholson55 on October 12, 2018, 09:32:43 PM

One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

Very good if fraudsters have been arrested, of course this reduces the level of fraudulent crime, so far many investors feel disappointed with fraud that happens everywhere.
Need to be punished for those who have committed fraud.

Danilotot

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many really scammers have used bitcoin for their scam. here in my country there's also a synagogue, using the name of bitcoin to scam people. so we can take care of all of these people.

Nicholson55

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One of the people who allegedly defrauded a Finnish investor of $24 Million worth of Bitcoin (BTC), has recently been detained in Suvarnabhumi Airport in Bangkok on charges of conspiracy to defraud and money laundering. Has anyone been following this at all? I would be interested to hear a legal perspective, as these charges aren't generally associated with bitcoin

Topic: Bitcoin scam artist arrested in Thailand (Read 395 times)