A hundred victims after luxury rental cars sold in 400 million baht scam

[webfact]

Picture: INN

 

Around 100 victims of a big luxury car sales fraud have gone to the Crime Suppression Division to register complaints.

 

One of the victims called Niyanuch told INN that through an elder friend she had been introduced to a man selling a BMW for 20% under the market price. 

 

The seller said the reason for the cheap price was that it was evidence in a criminal case. 

 

She would have to pay cash for the car and would get the registration documents in 3-6 months.

 

Instead a rental company turned up to say the car was theirs and that she had been duped. They took it away and she was left with no car and no money. 

 

She soon found out there were dozens more in the same boat. 

 

It appears that a man called "No" who formerly ran a rental business hit on hard times. 

 

He had the idea to rent cars from other companies and sell them to third parties. 

 

Eventually he was unable to keep up the rental payments and the firm he rented from went to get their property back.

 

Losses are thought to be 400 million baht in the scam. 

 

-- © Copyright Thai Visa News 2021-06-29

 

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[OneMoreFarang]

Buying vehicles without documents. What could possibly be wrong?

Morons!

 

[Phuketshrew]

27 minutes ago, webfact said:

It appears that a man called "No" who formerly ran a rental business hit on hard times. 

Was he a doctor?

[Susco]

27 minutes ago, webfact said:

The seller said the reason for the cheap price was that it was evidence in a criminal case. 

 

And correct he was..........only he forgot to add that it was his own criminal case

[vinci]

buying a car from a stranger with no title, parent didn't raise you up to be stupid, deserved to be scam

[WhiteBuffaloATM]

and I have some prime beach front land to sell in Chiang Mai .......

sight unseen .....no documents...... cash only...... so no alarm bells ringing ....

[toofarnorth]

18 minutes ago, Phuketshrew said:

Was he a doctor?

No.

[Geoffggi]

46 minutes ago, webfact said:

Eventually he was unable to keep up the rental payments and the firm he rented from went to get their property back.

 

Losses are thought to be 400 million baht in the scam. 

Thai rak Thai .....................LOL

[ourmanflint]

Are Thais particularly easy to con? These stories seem very common

[trainman34014]

1 hour ago, vinci said:

buying a car from a stranger with no title, parent didn't raise you up to be stupid, deserved to be scam

Sadly that's just the problem; many thousands of Thai's are brought up to be stupid, usually by their ignorant/Illiterate Grandparents whilst the Single Mother is out working to feed the whole family !

[keithkarmann]

6 minutes ago, trainman34014 said:

Sadly that's just the problem; many thousands of Thai's are brought up to be stupid, usually by their ignorant/Illiterate Grandparents whilst the Single Mother is out working to feed the whole family !

You summed it up well.

[RichardColeman]

Can't help but think that the perp is as much an idiot as those he scammed. I imagine he must have shown id to get the leased cars and unless he had a quick escape from thailand planned was eventually going to get caught and put behind bars.

 

 

[johnnybangkok]

12 minutes ago, trainman34014 said:

Sadly that's just the problem; many thousands of Thai's are brought up to be stupid, usually by their ignorant/Illiterate Grandparents whilst the Single Mother is out working to feed the whole family !

Well then can't be that 'stupid' if they have the money to buy a BMW (even at 20% reduction)?
 

[PETERTHEEATER]

2 hours ago, toofarnorth said:

No.

Who?

[Justgrazing]

2 hours ago, webfact said:

"No"

 

2 hours ago, webfact said:

 

She soon found out there were dozens more in the same boat. 

 

.. trust they were all wearing life jackets , No .? 

[bradiston]

2 hours ago, Phuketshrew said:

Was he a doctor?

No

[hotchilli]

3 hours ago, webfact said:

Losses are thought to be 400 million baht in the scam

Absolutely amazing Thailand.

[tifino]

3 hours ago, Phuketshrew said:

4 hours ago, webfact said:

It appears that a man called "No" who formerly ran a rental business hit on hard times. 

Was he a doctor?

 Nah... but I'm sure he'll get a Bond 

[pokerface1]

2 hours ago, RichardColeman said:

Can't help but think that the perp is as much an idiot as those he scammed. I imagine he must have shown id to get the leased cars and unless he had a quick escape from thailand planned was eventually going to get caught and put behind bars.

 

 

It's not clever enough to be called a scam. Just call it Stupid

[Nanaplaza666]

400milj lost and this guy wasn't able to pay for the cars' rent ??? You can rent quit a lot of cars for quit a long time for just a small portion of that 400milj . Must have very big holes in his hands.

[RocketDog]

2 hours ago, bradiston said:

No

Who's on first?

[khunPer]

When it sounds too good to be true, then it often is...????

[Colabamumbai]

I wanna send her some gold. 

[fakser]

When will people learn that if some deal is too good to be true, it is a scam?

And why are our fellow members so sarcastic and mean? Show some compasion.

[Jingthing]

20 percent off?

Who do I contact?

 

I actually think the trick of this con was the 20 percent.

 

20 percent is not an unbelievable discount.

 

If the con man had said 75 percent off it would have been harder to find marks.