In line with a recent report by ‘Bangkok post’, sufferer’s of an alleged cryptocurrency mining scam have filed claims against the suspected offender’s with the Technology Crime Suppression Division in Thailand.
According to the report, around thirty individuals have filed a complaint with police, stating that they were fooled into an illicit ‘investment‘ scam scheme called “CryptoMining.Farm.” This supposedly led the loss of around 42 Mln baht [around $1.34 Mln]. Native authorities reportedly suspect that a total of over 140 people were affected by the scam.
CryptoMining.Farm, that has offices registered in Bangkok and Chiang Mai, purportedly assured its investors an annual return of around 70% additionally to the choice to withdraw their funds at any time with no conditions. The Bitcoin [BTC] mining contracts offered by the firm reportedly ranged from 3 months to a lifetime.
An affected individual told the Bangkok Post “But from August the owner began imposing conditions for withdrawing the deposits. Then at the beginning of this month, the web-site revealed it’d start paying back its investors in 84 instalments — that might take over seven years to complete.” The source, that reportedly preferred to stay anonymous, aforesaid that the payments would also be processed in foreign currencies, that is prohibited under the Thai law.
The most recent allegations follow a well-publicized case from last year, during which a former soap opera actor Jiratpisit “Boom” Jaravijit and other suspects were ‘blamed‘ of swindling $24 Mln price Bitcoin [BTC] from 21-year-old Finnish capitalist named ‘Aamai Otava Saarimaa’.
The suspects, who were charged with conspiracy, scam, fraud and ML [Money Laundering], reportedly pleaded “not guilty” at a court in Bangkok in Nov. last year.
Last May, a 100-section royal decree revealed within the ‘Thai Royal Gazette‘, outlined cryptocurrencies as “digital assets and digital tokens.” In Nov., Deputy Prime Minister named ‘Wissanu Krea-ngam’ called for better laws on cryptocurrencies. Krea-ngam aforesaid that new pointers must be introduced so as to keep up with evolving techniques and threats to client’s security.