28-Year-Old Man Arrested for US$650,000 Bitcoin Fraud 不不不不

Police have arrested 28-year-old, Sirichai Nimprem arrested after scamming people to invest in Bitcoin and later fleeing with over US$650,000 (22 Million Baht).

Using Facebook, Sirichai Nimprem lured people into investing in Bitcoin with promises of returns of up to 30%. The high return attracted a large number of investors.

In the early stages, the suspect frequently posted photos showing money transfers, in order to convince people that they would receive large dividends from Bitcoin. Later, he claimed that there were problems with money transfers and this caused payouts to be delayed.

He then shut down his Facebook account and was no longer able to be contacted by any of the Bitcoin investors.

Investors reported losses totaling approximately US$668,000 (22 Million Baht) when filing complaints at Phuket police stations.

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