Popular Post webfact Posted April 2, 2022 Popular Post Share Posted April 2, 2022 Daily News Thai Caption: Three million baht swindler The Economic Crime Division police acting on orders from Pol Lt-Gen Jiraphop Phiridech served an arrest warrant on a 37 year old American man who Daily News named only as "Matthew". A warrant claims that he posed illegally as an investment middleman for an international company, a charge in a South Bangkok court paper. Matthew was arrested at a hotel in the Nana nightlife area. This followed complaints made to the Securities and Exchange Commission about the American's financial dealings. Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe Picture: Daily News They claim that he preyed on foreigners living in Thailand in a variety of scams promising 5% on all returns. Instead he made off with 3 million baht of their money claiming at one time that he had been hacked and lost the money to thieves himself. This appears to have been a ruse to buy him time. Health insurance plans that meet the long stay visa requirements -- © Copyright ASEAN NOW 2022-04-02 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates Get your business in front of millions of customers who read ASEAN NOW with an interest in Thailand every month - email [email protected] for more information 12 10 Link to comment Share on other sites More sharing options...
Popular Post sammieuk1 Posted April 2, 2022 Popular Post Share Posted April 2, 2022 He will now find out that scamming can work both ways meet the professionals ???? 15 2 63 Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted April 2, 2022 Popular Post Share Posted April 2, 2022 20 minutes ago, webfact said: scams promising 5% on all returns. Very conservative returns for a scam ,at least compared to what Thai scammers offer ,10 - 30 % not unusual . regards Worgeordie 20 3 Link to comment Share on other sites More sharing options...
Popular Post Ohyesuare Posted April 2, 2022 Popular Post Share Posted April 2, 2022 9 minutes ago, worgeordie said: Very conservative returns for a scam ,at least compared to what Thai scammers offer ,10 - 30 % not unusual . regards Worgeordie Conservative in the hopes of making it more believable I guess, 16 Link to comment Share on other sites More sharing options...
kcpattaya Posted April 2, 2022 Share Posted April 2, 2022 Matthew is good a Math 5 1 1 Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted April 2, 2022 Popular Post Share Posted April 2, 2022 8 minutes ago, Ohyesuare said: Conservative in the hopes of making it more believable I guess, But only managed to get 3 Million Baht ,chicken feed for Thai scammers. regards Worgeordie 7 2 1 Link to comment Share on other sites More sharing options...
Popular Post Iamfalang Posted April 2, 2022 Popular Post Share Posted April 2, 2022 (edited) I think the statue of limitations were set to expire next month (8 years). LOL. Brah, you spent 3 million in pattaya on Soi 666? If so, ok. If you kept a few million, just hide in the jungle for one month!! So he did this scam at 29? Not a good life, imo. Next time offer 80000 percent and get 100 billion in bitcoins Edited April 2, 2022 by Iamfalang 3 4 1 3 Link to comment Share on other sites More sharing options...
Popular Post Henryford Posted April 2, 2022 Popular Post Share Posted April 2, 2022 (edited) 28 minutes ago, worgeordie said: Very conservative returns for a scam ,at least compared to what Thai scammers offer ,10 - 30 % not unusual . regards Worgeordie Actually probably wise to only offer 5%, almost believable. Those offering 30% are obviously scams. But who would make an investment with some guy you met in a Nana car park? Edited April 2, 2022 by Henryford 7 1 10 Link to comment Share on other sites More sharing options...
Popular Post smedly Posted April 2, 2022 Popular Post Share Posted April 2, 2022 Will he ever see a jail cell ? I do hope so, I also hope victims of this thief get some of their money back although I have my doubts on both counts he is certainly not the first or last farang to commit this sort of theft - be careful out the folks 10 1 Link to comment Share on other sites More sharing options...
Popular Post ozzydon Posted April 2, 2022 Popular Post Share Posted April 2, 2022 Are you sure he wasn't a thai police officer they swindle more people than anyone in Thailand 5 1 9 Link to comment Share on other sites More sharing options...
Popular Post shackleton Posted April 2, 2022 Popular Post Share Posted April 2, 2022 This is not going to go down well with the Nigerian scammers a foreigner With no work permit scamming other people???? 2 1 16 Link to comment Share on other sites More sharing options...
Popular Post Ohyesuare Posted April 2, 2022 Popular Post Share Posted April 2, 2022 1 hour ago, smedly said: Will he ever see a jail cell ? I do hope so, I also hope victims of this thief get some of their money back although I have my doubts on both counts he is certainly not the first or last farang to commit this sort of theft - be careful out the folks I have my doubts as well as he was only scamming foreigners which is the national sport in Thailand's tourist cities, you can't blame him for wanting to participate. 4 2 5 Link to comment Share on other sites More sharing options...
Popular Post itsari Posted April 2, 2022 Popular Post Share Posted April 2, 2022 2 hours ago, worgeordie said: Very conservative returns for a scam ,at least compared to what Thai scammers offer ,10 - 30 % not unusual . regards Worgeordie 10 times better than a Thai bank will offer on fixed term of 6 months or more . 20 times better on a saving account . Any way the man is innocent until proven guilty . 4 Link to comment Share on other sites More sharing options...
1FinickyOne Posted April 2, 2022 Share Posted April 2, 2022 2 hours ago, worgeordie said: Very conservative returns for a scam ,at least compared to what Thai scammers offer ,10 - 30 % not unusual . regards Worgeordie maybe a more credible tactic appealing to people w/lots of money? 2 Link to comment Share on other sites More sharing options...
Liverpool Lou Posted April 2, 2022 Share Posted April 2, 2022 2 hours ago, Henryford said: But who would make an investment with some guy you met in a Nana car park? Probably no one but why ask that as there was no suggestion that that was how investors were introduced to him? Link to comment Share on other sites More sharing options...
Liverpool Lou Posted April 2, 2022 Share Posted April 2, 2022 2 hours ago, smedly said: Will he ever see a jail cell ? Many foreign fraudsters/call centre gang members have, so no reason that he won't, either. Link to comment Share on other sites More sharing options...
Enoon Posted April 2, 2022 Share Posted April 2, 2022 (edited) 2 hours ago, worgeordie said: Very conservative returns for a scam ,at least compared to what Thai scammers offer ,10 - 30 % not unusual . regards Worgeordie I guess that added to his plausibility in the eyes of his foreign "marks". Foreigners may have been more suspicious had he offered the sort of returns that Thai conpersons offer their Thai targets. (Oops, looks like I might be a bit late to the game in the nature of my response to your comment!) Edited April 2, 2022 by Enoon Link to comment Share on other sites More sharing options...
cocoonclub Posted April 2, 2022 Share Posted April 2, 2022 2 hours ago, worgeordie said: Very conservative returns for a scam ,at least compared to what Thai scammers offer ,10 - 30 % not unusual . regards Worgeordie 2 hours ago, worgeordie said: But only managed to get 3 Million Baht ,chicken feed for Thai scammers. regards Worgeordie He’s American, not Thai. regards cocoonclub 1 1 Link to comment Share on other sites More sharing options...
Popular Post OneMoreFarang Posted April 2, 2022 Popular Post Share Posted April 2, 2022 Imagine you meet a guy in Nana car park and he tells you he has this great investment. And you tell him: I like to hear more about that, how about we go to your office. He says: Sure, and he walks with you straight into Lollipop. Yeah, sure! 5 Link to comment Share on other sites More sharing options...
Andrew65 Posted April 2, 2022 Share Posted April 2, 2022 4 hours ago, Henryford said: Actually probably wise to only offer 5%, almost believable. Those offering 30% are obviously scams. But who would make an investment with some guy you met in a Nana car park? To one expert, the fact that Bernie Madoff was guaranteeing 12% was obviously a scam. Link to comment Share on other sites More sharing options...
Popular Post Isaan sailor Posted April 2, 2022 Popular Post Share Posted April 2, 2022 An overall 5% return? Meh. You can buy blue chip stocks which appreciate and pay dividends of 5% or more. Added bonus—it’s legal. 2 3 Link to comment Share on other sites More sharing options...
Andrew65 Posted April 2, 2022 Share Posted April 2, 2022 "investment middleman" AKA a financial adviser, 1 Link to comment Share on other sites More sharing options...
hellohello123 Posted April 2, 2022 Share Posted April 2, 2022 There is nothing I hate more in this world than scammers Even more than politicians Link to comment Share on other sites More sharing options...
Popular Post zyphodb Posted April 2, 2022 Popular Post Share Posted April 2, 2022 17 minutes ago, hellohello123 said: There is nothing I hate more in this world than scammers Even more than politicians Is there any difference? 3 1 7 Link to comment Share on other sites More sharing options...
vandeventer Posted April 2, 2022 Share Posted April 2, 2022 3 hours ago, Ohyesuare said: I have my doubts as well as he was only scamming foreigners which is the national sport in Thailand's tourist cities, you can't blame him for wanting to participate. He should be tared and feathered for scamming foreigners that live here. Most of us are on pensions the dirty b------! Link to comment Share on other sites More sharing options...
sawadee1947 Posted April 2, 2022 Share Posted April 2, 2022 He's not a swindler but criminal???? 1 Link to comment Share on other sites More sharing options...
rtco Posted April 2, 2022 Share Posted April 2, 2022 The Thai justice system is slow. I complained to the Thai SEC about the guy that scammed me out of 130,000 UKP in 2013 and the ECD of the RTP have only just got around to asking me to make an official complaint but they want me to go to BKK and pay for my own interpreter. No payback in it for me so forget it. Another guy who scammed some friends legged it to the UK and he got away with extradition because of the state of Thai jails so he is still lording it with his scammed millions ... https://www.law360.co.uk/articles/1445003 1 Link to comment Share on other sites More sharing options...
Mywayboy Posted April 2, 2022 Share Posted April 2, 2022 Hitler once stated take it little by little from the people and they will never notice until everything is gone. That's how this guy worked no offers of huge returns. 1 Link to comment Share on other sites More sharing options...
Mywayboy Posted April 2, 2022 Share Posted April 2, 2022 1 hour ago, hellohello123 said: There is nothing I hate more in this world than scammers Even more than politicians Politicians are scammers 5555 1 Link to comment Share on other sites More sharing options...
Xin Loi Posted April 2, 2022 Share Posted April 2, 2022 4 hours ago, Liverpool Lou said: Probably no one but why ask that as there was no suggestion that that was how investors were introduced to him? Seems to me, if you go looking for trouble or an easy way out, you will always find it, and it will most likely bite you, in your backside. 1 1 Link to comment Share on other sites More sharing options...
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