Thai Stockbroker Held Guilty in the Bitcoin Scam Pleads Innocence

Aug 21, 2018 at 14:30 Update Date :Aug 21, 2018 at 14:30 UTC

Thai stock investor Prasit Srisuwan, who was arrested on the charges of pulling off the notorious $24 million Bitcoin fraud has denied his involvement in the case as one of the scamsters. Srisuwan has pleaded innocence saying he himself is the victim in this case.

Srisuwan had been booked last month after a Finnish national, Aarni Otava Saarimaa, lodged a complaint regarding his loss of 5564 BTC. The local investor claimed that he is not guilty and is himself a victim of Prinya Jiravijit, the chief suspect in the case. He stated that he was nothing more than a mere stockbroker for the mastermind Jiravijit and Saarimaa.

Srisuwan first met Saarimaa through Jiravijit, who had arranged the Finnish investor and his Thai girlfriend, Chonnikan Kaeokasee, a deal for investing in Thai blockchain and cryptocurrency businesses (including his own company DNA 2000 Plc) which was experiencing significant growth.

According to Srisuwan, Saarimaa was an experienced blockchain and crypto investor, who, at his own discretion, invested in DNA 2000 Plc, with the former as the broker. Saarimaa invested 5564 BTC (approximately $24 million) in the Jiravijit’s crypto firm’s shares and was disappointed on not receiving dividends or promised profits.

At present, Jiravijit is absconding with an arrest warrant issued with the Thai police. It’s only a matter of time until his whereabouts are known. His siblings Jiratpisit Jiravijit and Supitcha Jiravijit were also declared guilty in the scam after stolen money was found in their possession.  

Srisuwan also claimed that he ended up in a dispute with Jiravijit when he demanded the guaranteed 345 million shares and sought intervention from the retired military Captain Thammanat Prompao. He went on record to say that he is willing to answer any question so as to come off clean.

Nevertheless, the Thai police are not likely to lose the noose around his neck. Crime Suppression Division has called the ongoing probe as one of the most challenging cases”. The deputy commander of Crime Suppression Division (CSD), Chakrit Sawasdee has stated that Srisuwan will be charged on the grounds of cyber deception.

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