Joseph Arsenault, an American citizen and fugitive of a telemarketing scam, was arrested by Thai police in Bangkok last week after being altered by the United States’ embassy, reports Reuters.
Arsenault was indicted in the U.S. in November 2014 for his involvement in a telemarketing scam that fraudulently sold Detroit houses, stealing over $20 million from 290 victims across the U.S. and Canada, according to Samui Times.
Chaninat and Leeds’ Thailand criminal defense attorneys have multiple decades of trail and litigation experience prosecuting and defending fraud cases for our clients.
The telemarketers cold called random numbers, selling houses by lying about the property value and tricking investors into believing they could “flip” the houses and make huge profits. Reuters reports that in reality the homes were boughtfor no more than $500 and were re-sold by the con artists for $7,500 to $15,000.
Arsenault was one of 16 people facing charges of conspiracy to commit mail and wire fraud for the scam before he apparently fled to Thailand.
Police Major General Warawut Thaweechaiyagarn said they would send Arsenault back to the United States “in the very near future,” according to Reuters.
Read the full story here and here.
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