Forex fraud victim seeks out of court settlement in unusual case

Karen Miller

A Finnish businessman who was allegedly defrauded of over 5,000 Bitcoins by Thai fraudsters is taking a novel approach to justice.

Aarni Otavi Saarimaa, 22, originally lodged a complaint with police in Thailand when he discovered the crime. However, now, he is setting up negotiations with two people who are accused of being involved in the alleged scam.

Saarimaa has met with Chakris Ahmad, a technology investor, and Prasit Srisuwan, a trader. Allegedly, these two men presented Saarimaa with a series of potential cryptocurrency investments into a series of different companies, including NX Chain Inc, ExpaySoftware and DNA 2002. The alleged scammers are also believed to have told Saarimaa that they had investment opportunities in Dragon Coin, a blockchain-based gambling system, available.

In total, he invested 5,564 Bitcoin in the companies, which at the time of writing is equivalent to just over $40 million US dollars or just above £31 million British pounds.

It is believed that the trio may be about to reach an out of court settlement in return for Saarimaa dropping the claims, a move which would be considered acceptable in Thailand’s legal system – at least for some of the charges. Details of any potential settlement, however, are currently unknown.

There are still significant hurdles to clear. At present, at least one of the alleged participants claims that he has not done anything wrong, and this will need to be resolved prior to any settlement taking place.

Srisuwan says that he was simply a legitimate broker working on Saarimaa’s behalf, and he recently held a press conference stating that he was actually a personal friend of Saarimaa.

In a move that gave an additional twist to an already unusual story, Srisuwan later accused a celebrity actor’s brother as being the one to carry out the alleged fraud.

Prinya Jaravijit has been accused of being the “ringleader” by industry media and is accused of working alongside both his famous brother Jiratpisit “Boom” Jaravijit and less famous sibling Suphitcha Jaravijit.

Jiratpisit “Boom” Jaravijit, who has starred in Bad Romance The Series and Nang Ai, was arrested earlier this year. A police investigation revealed that he had almost US$650,000 worth of the thieved Bitcoin in his account.

According to a police source, the “case is complicated”, and there are lots of evidence checks to carry out and other important stages to go through.

“We had to carefully examine documents and trace the money trail,” said Police Colonel Chakrit Sawasdee.

“For the money laundering charge, we are verifying the amount of money with commercial banks only in the accounts of the siblings and their family and relatives. The money needs to be frozen and brought back to the victims.”

A further potential complication for negotiations, however, lies in the fact that there is a money laundering charge, which can’t necessarily be resolved through talks.

“When it is fraud, the complainants and the accused can talk and have arbitration. However, money laundering is a crime that cannot be bargained away,” Sawasdee added.


Karen Miller

Latest news

Crypto Rollercoasters, Meme-stock Explosions and Nasdaq Highs – There’s Something for Everybody
Over the weekend, the Forex Fraud analysts picked through last week’s US Federal Reserve inspired sell-off to establish something odd about the slow-motion price move. Read more
Is This a Dip to Buy or the Start of a Market Correction?
The surprising change in tone by the US Federal Reserve last Wednesday has been followed by a very slow-motion, minor market correction. Read more

Safest Forest Brokers 2020

Broker Info Best In Customer Satisfaction Score
#1 ForexTime LogoYour capital is at risk Founded: 2011 Global CFD & FX Broker
Number One Broker
BEST FOREX BROKER Visit broker
5
#2 ForexTB logoYour capital is at risk Founded: 2015 Global Forex & CFD Broker
Number One Broker
LOWEST FEES Visit broker
4.9
#3 Tickmill forex broker logoYour capital is at risk Founded: 2014 Global Forex & CFD Broker
Number One Broker
Best Trading Conditions Visit broker
4.9
#4 BlackBull MarketsYour capital is at risk Founded: 2014 Global Forex Broker
Number One Broker
BEST SPREADS Visit broker
4.8
#5 Forex Broker Pepperstone LogoCFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Founded: 2010 Global Forex Broker
Number One Broker
Low minimum deposit Visit broker
4.9

    Forex Fraud Certified Brokers

    XM Logo
    IQ Option Logo
    Forex.com Logo
    LegacyFX Small Logo
    HYCM Logo
    IC Markets Logo
    Vantage FX logo
    skilling logo
    Pepperstone
    OctaFX Logo
    BlackBull Markets Small Logo
    Exness Small Logo
    ATFX Logo
    Plus500 Small Logo
    City Index Logo