Wednesday, March 18, 2015

US Housing Scam Fugitive Arrested in Bangkok

Joseph Arsenault, an American who apparently fled to Thailand to escape fraud convictions, was caught and arrested by Thai police in Bangkok after a tip from the United States’ embassy, reports Reuters.

Arsenault was involved in a real estate telemarketing scheme that stole over $20 million from nearly 300 victims by selling Detroit houses at inflated properties under the false impression that they could be flipped and resold for a profit, according to Samui Times.

Arsenault and 15 other defendants were charged in November 2014 with a range of offences including conspiracy to commit mail and wire fraud, according to Reuters.
Chaninat and Leeds’ criminal defense and Thailand fraud attorneys have successfully assisted hundreds of clients in civil and criminal fraud cases in Thailand since 1997.
Bangkok Police Major General Warawut Thaweechaiyagarn said Arsenault would be deported back to American in the near future.

Read the full story here and here.

Related Articles:
Prominent Extradition Cases in Thailand – Snaring Minor Offenders to Big-Time Crooks
Avoiding the pitfalls in acquiring real estate in Thailand
European Fraud Fugitives Found In Thailand

Related Documents:
Thailand-USA Extradition Treaty

Related Video: Thailand Extradition Law

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