Popular Post webfact Posted July 24, 2019 Popular Post Share Posted July 24, 2019 "Wives of foreigners" fall victim to massive Ponzi scheme on Koh Samui Picture: Manager Online Manager reported that the Thai wives of foreigners living on Koh Samui were among 200 people who had lost 120 million baht in a Ponzi or pyramid share scheme. "Praew" representing 20 people went to the Bo Phut police to register a complaint and ask for assistance with the station chief Pol Col Thongchana Hankittikanjana. She said that the scheme started among friends and was initiated by a woman named only as "Bew" who ran a gift shop at a department store on the holiday island. Picture: Manager Online The scheme was called "Share Ban Bew Gift Shop". Hundreds contributed anywhere between 10,000 baht to 500,000 baht for lucrative returns. Some got 30% on their money before "Bew" disappeared with the lot. Among the victims are foreigners' wives, state employees, hotel staff and department store staff, she said. Picture: Manager Online Some 20-30 people were expected to be interviewed by the Bo Phut police each day as investigations proceed after the initial complaint was made at the weekend. Source: Manager Online -- © Copyright Thai Visa News 2019-07-24 Follow Thaivisa on LINE for breaking Thailand news and visa info 1 2 9 Link to comment Share on other sites More sharing options...
Popular Post BTB1958 Posted July 24, 2019 Popular Post Share Posted July 24, 2019 How can people be so stupid. Reading about these scheme's every day and they still fall for it. They say a sucker is born every day. But in Thailand its about a thousand born every day. Unbelievable 12 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted July 24, 2019 Popular Post Share Posted July 24, 2019 Does it never sink in to these people, that if someone is offering 30% returns then there is something a bit screwy about it when the bank offers less than 2% ? 10 2 1 Link to comment Share on other sites More sharing options...
Popular Post Nong Khai Man Posted July 24, 2019 Popular Post Share Posted July 24, 2019 " A FOOL & His/Her Money are soon Parted ".......Or " If it seems to be too good to be true,It PROBABLY Is " 6 1 Link to comment Share on other sites More sharing options...
Popular Post CGW Posted July 24, 2019 Popular Post Share Posted July 24, 2019 "They" target the uneducated, not difficult in Thailand! Not unlike the "Expat" financial" adviser companies in Thailand that target their own kind! 10 2 Link to comment Share on other sites More sharing options...
Popular Post Peter Aherne Posted July 24, 2019 Popular Post Share Posted July 24, 2019 "Hundreds contributed anywhere between 10,000 baht to 500,000 baht for lucrative returns."... ..."Among the victims are foreigners' wives, state employees, hotel staff and department store staff, she said" Headline "Wives of Foreigners"... 2 2 Link to comment Share on other sites More sharing options...
Popular Post NCC1701A Posted July 24, 2019 Popular Post Share Posted July 24, 2019 i will help the woman in the middle of this photos recoup her loses. 2 1 16 Link to comment Share on other sites More sharing options...
Popular Post edgarfriendly Posted July 24, 2019 Popular Post Share Posted July 24, 2019 those poor wives, losing all their own money... 3 13 Link to comment Share on other sites More sharing options...
Popular Post RotBenz8888 Posted July 24, 2019 Popular Post Share Posted July 24, 2019 35 minutes ago, NCC1701A said: i will help the woman in the middle of this photos recoup her loses. Queue up! 5 Link to comment Share on other sites More sharing options...
Popular Post wwest5829 Posted July 24, 2019 Popular Post Share Posted July 24, 2019 Hmmm, I am told that there is Forex trading via Dubai returning 10% a month. Seems to be working but my financial radar is beeping warnings. Anyone have any information? 5 Link to comment Share on other sites More sharing options...
Popular Post ballpoint Posted July 24, 2019 Popular Post Share Posted July 24, 2019 1 hour ago, NCC1701A said: i will help the woman in the middle of this photos recoup her loses. Poor girl can't even afford two sleeves on her shirt. 2 10 Link to comment Share on other sites More sharing options...
Baerboxer Posted July 24, 2019 Share Posted July 24, 2019 1 hour ago, BTB1958 said: How can people be so stupid. Reading about these scheme's every day and they still fall for it. They say a sucker is born every day. But in Thailand its about a thousand born every day. Unbelievable These sort of loan/savings/share schemes seem common among Thais. I remember a group in the UK did one. I went balmy when I found out my wife had joined. Had to police it very hard, and visibly so, to stop any tricks and scams. The longer you can pay in and not take out the more you made. So the final two got interesting. 1 Link to comment Share on other sites More sharing options...
Popular Post Colabamumbai Posted July 24, 2019 Popular Post Share Posted July 24, 2019 Is it too late to buy in? 2 8 Link to comment Share on other sites More sharing options...
bluesofa Posted July 24, 2019 Share Posted July 24, 2019 2 hours ago, webfact said: Manager reported that the Thai wives of foreigners living on Koh Samui were among 200 people who had lost 120 million baht in a Ponzi or pyramid share scheme. The foreigners weren't all Egyptians were they? 1 1 2 Link to comment Share on other sites More sharing options...
4evermaat Posted July 24, 2019 Share Posted July 24, 2019 1 hour ago, wwest5829 said: Hmmm, I am told that there is Forex trading via Dubai returning 10% a month. Seems to be working but my financial radar is beeping warnings. Anyone have any information? Which broker or institution will the funds be held? Many forex brokers are actually bucket shops in clever disguise. And how much were you planning to deposit? Link to comment Share on other sites More sharing options...
Popular Post Justgrazing Posted July 24, 2019 Popular Post Share Posted July 24, 2019 2 hours ago, webfact said: Among the victims are foreigners' wives No worries then .. 4 1 Link to comment Share on other sites More sharing options...
Popular Post White Christmas13 Posted July 24, 2019 Popular Post Share Posted July 24, 2019 3 hours ago, NCC1701A said: i will help the woman in the middle of this photos recoup her loses. Dirty old man???? 1 2 Link to comment Share on other sites More sharing options...
Popular Post Jane Dough Posted July 24, 2019 Popular Post Share Posted July 24, 2019 3 hours ago, CGW said: "They" target the uneducated, not difficult in Thailand! Not unlike the "Expat" financial" adviser companies in Thailand that target their own kind! I suppose the victims of Bernie Madoff were all uneducated Thais, were they? Rooster 7 Link to comment Share on other sites More sharing options...
Popular Post bluesofa Posted July 24, 2019 Popular Post Share Posted July 24, 2019 3 hours ago, NCC1701A said: i will help the woman in the middle of this photos recoup her loses. Why is there a box full of very small bras in the photo? 2 9 Link to comment Share on other sites More sharing options...
racket Posted July 24, 2019 Share Posted July 24, 2019 They like gambling? Well you just lost, accept it. 2 Link to comment Share on other sites More sharing options...
moontang Posted July 24, 2019 Share Posted July 24, 2019 You can bet a number of them did it with their boyfriend's money. A friend told me his gfs sister lost 100k on two different ponzis.. We agreed that 200k is more than 99% of them have in the bank. And probably more than 70%of Americans. 2 Link to comment Share on other sites More sharing options...
Popular Post Cake Monster Posted July 24, 2019 Popular Post Share Posted July 24, 2019 Typical greedy Thai Bints that have everything, and still want more. No sympathy from me. 2 2 1 Link to comment Share on other sites More sharing options...
worgeordie Posted July 24, 2019 Share Posted July 24, 2019 3 hours ago, wwest5829 said: Hmmm, I am told that there is Forex trading via Dubai returning 10% a month. Seems to be working but my financial radar is beeping warnings. Anyone have any information? Buy Sterling, sure to rise ! regards Worgeordie 2 Link to comment Share on other sites More sharing options...
worgeordie Posted July 24, 2019 Share Posted July 24, 2019 1 hour ago, Jane Dough said: I suppose the victims of Bernie Madoff were all uneducated Thais, were they? Rooster No just greedy buggers like them. regards worgeordie Link to comment Share on other sites More sharing options...
hotchilli Posted July 24, 2019 Share Posted July 24, 2019 5 hours ago, BTB1958 said: How can people be so stupid. Reading about these scheme's every day and they still fall for it. They say a sucker is born every day. But in Thailand its about a thousand born every day. Unbelievable It's called greed !! Link to comment Share on other sites More sharing options...
Popular Post crazykopite Posted July 24, 2019 Popular Post Share Posted July 24, 2019 It appears having read the article that the headline “ Wives of Foreigners “ is very misleading I would imagine that most of those woman who have been defrauded are normal working Thais that are not even related in anyway to a foreigner. 3 Link to comment Share on other sites More sharing options...
simtemple Posted July 24, 2019 Share Posted July 24, 2019 6 hours ago, BTB1958 said: How can people be so stupid. Reading about these scheme's every day and they still fall for it. They say a sucker is born every day. But in Thailand its about a thousand born every day. Unbelievable. What does it say about the farang "buffalos" who married them? 1 Link to comment Share on other sites More sharing options...
Greenside Posted July 24, 2019 Share Posted July 24, 2019 (edited) People are taken in by these scams all over the world but those with poor education are especially vulnerable as their lack of decent job opportunities makes "being your own boss" an attractive prospect. This website gives you an insight as to just how many of these blatant crooks there are. By the way, not all MLM companies are Ponzi schemes but the difference can get pretty blurred. Edited July 24, 2019 by Greenside 1 Link to comment Share on other sites More sharing options...
connda Posted July 24, 2019 Share Posted July 24, 2019 The world is literally full of suckers, and the rip-off artists never run out of marks. 1 Link to comment Share on other sites More sharing options...
neeray Posted July 24, 2019 Share Posted July 24, 2019 2 hours ago, crazykopite said: It appears having read the article that the headline “ Wives of Foreigners “ is very misleading I would imagine that most of those woman who have been defrauded are normal working Thais that are not even related in anyway to a foreigner. With that kind of cash to invest in a gamble, I'd suggest it's more like "normal working girls" as opposed to "normal working Thais" 1 Link to comment Share on other sites More sharing options...
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