Thai Crime Family Charged in 5564.4 Bitcoin Scam
A recent high-profile case involving actor Jiratpisit 'Boom' Jaravijit and a Finnish millionaire shows how police are playing catchup 22-year-old Finn Aarni Otava Saarimaa knew a lot about bitcoin, but he was out-matched by a Thai gang that proceeded to scam millions from him. Aarni Otava Saaremaa, a 22-year-old Finnish man, may know the tricks of the trade when it comes to cryptocurrencies, but the bitcoin millionaire was caught unaware when a group of Thai people approached. According to the Crime Suppression Division's (CSD) investigation, the Finnish businessman has lost almost 800 million baht worth of bitcoin to the gang in a fraudulent investment scheme that the CSD has. The scam is one of the most challenging cases the CSD has investigated as it involves a financial crime concerning digital assets which are gaining popularity as a tool for exchange and trade. According to the Anti-Money Laundering Office (Amlo), bitcoin is increasingly being exploited