American swindler arrested in Nana - he preyed on foreigners living in Thailand

[firestar]

7 hours ago, sammieuk1 said:

He will now find out that scamming can work both ways meet the professionals ????

American swindles, manages to make it about Thailand on the very first reply TV never disappoints

 

 

Edited April 2, 2022 by firestar

[hotchilli]

7 hours ago, webfact said:

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.

Hope he enjoyed Nana while the fun lasted.

[cardinalblue]

I think people make deals in the Nana car parking lot daily or should say nightly?

Edited April 2, 2022 by cardinalblue

[Mike KIWI]

Hope he kept enough of the ill gotten gains to pay the 'fine' to the cops.

[cnx101]

5 hours ago, ozzydon said:

Are you sure he wasn't a thai police officer they swindle more people than anyone in Thailand

Probably a volunteer one

[bristolgeoff]

A friend who lives in hua hin lost a money thru bitcoin.Lets say he is not happy.It affects many people everywhere.Now one is caught  he will see some pain

[Destiny1990]

Looking at the location where the culprit got arrested i think i know what has happened with the money.

[Andrew65]

50 minutes ago, Mywayboy said:

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. 

Hitler just knew what most other politicians know!????

[LEXUS 400]

What about the emloied in Kasikorn Bank - Pattaya ?. He take 30 - 40 million baht from customers . Nothing in the news about that , but that was a Thai wish was stealing from farangs !.

[mrfill]

Has there been a change of policy vis-a-vis pixelating faces? In this and another story (old man and youngster smoking weed) no fuzzy faces to be seen.

[Scouse123]

8 hours ago, Iamfalang said:

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 

You been drinking in the sunshine?

[Onerak]

9 hours ago, Henryford said:

Actually probably wise to only offer 5%, almost believable.

Hmm. why get the help of an American to receive only 5% return while anybody with access to American market can get average 10% in S&P index. This only proves the quality of people migrating to Thailand. 

[RichardColeman]

10 hours ago, smedly said:

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

hopefully at a rate of prison for 500 baht a day of 3 million

[Surasak]

I have often wondered why, a person who 'invests' your money, is called a broker?

[Gottfrid]

13 hours ago, worgeordie said:

Very conservative returns for a scam ,at least compared  to

what Thai scammers offer ,10 - 30 % not unusual .

regards Worgeordie

What has Thai scammers to do with this? Just had to put some negative on Thailand again, right? Here we have an American that comes to Thailand and engage in criminal activities. Not the first one too. Just let the police do their job and send him the heck out Thailand with a note of PNG-no-return.

Edited April 2, 2022 by Gottfrid

[freedomnow]

5% ?

Would not even bother.

[brianthainess]

 

14 hours ago, webfact said:

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 

I met it this bloke in a bar, gave him my money to invest, and you'll never belief this, is was a scam 

Edited April 2, 2022 by brianthainess

[Caldera]

Nana, where the scammy are preying on the drunk or otherwise vulnerable. What a place! ????

[KanchanaburiGuy]

5% = Large enough to attract conservative investors at a time when the bank is paying 0.5% ........ Small enough to keep a ponzi scheme running, since the fake interest-only payouts to "investors" would be relatively small.

 

Simply put: Don't need to attract many "new investors" into the scheme......... if your guaranteed pay out of "earnings".......... is only 5% !

 

Ponzis promising high returns get caught............. because they can't get their hands on enough "new money" to keep their existing "investors/suckers" mollified.

 

5% would be like counterfeiting $5 bills. It's not necessarily a great payout, but NO ONE checks $5 bills to see if they're counterfeit!

 

Smaller reward....... but........ also........ almost nonexistent risk!

 

Cheers!

[Iron Tongue]

12 hours ago, 1FinickyOne said:

maybe a more credible tactic appealing to people w/lots of money? 

I can't see how anyone with any net worth would be interested in 5% from a man on Nana when a simple S&P 500 index fund has annualized returns of ~10% since 1928.

[Meat Pie 47]

2 hours ago, Surasak said:

I have often wondered why, a person who 'invests' your money, is called a broker?

Because they send you broke

[LikeItHot]

15 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?

Who says it was a car park? If it was at Nana Plaza the could've met over a spit roast.

[Maha Sarakham]

15 minutes ago, LikeItHot said:

Who says it was a car park? If it was at Nana Plaza the could've met over a spit roast.

Is spit roast like moo-ka-ta? No wonder Thais love it so much.

[ttrd]

16 hours ago, worgeordie said:

Very conservative returns for a scam ,at least compared  to

what Thai scammers offer ,10 - 30 % not unusual .

regards Worgeordie

Conservative, but still reasonable level of return seems to have played a key role in this scam .... 

[ChrisP24]

16 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?

Maybe they didn't realize that he was a guy.

[1FinickyOne]

2 hours ago, Iron Tongue said:

I can't see how anyone with any net worth would be interested in 5% from a man on Nana when a simple S&P 500 index fund has annualized returns of ~10% since 1928.

Yes, hard to imagine - I mostly do index funds too... though at the moment mostly in cash... oddly, I have been told that Drs. are most susceptible to scams - as they are busy and can be a bit gullible as to investments... and don't keep up w/the latest scams. 

[kiwikeith]

17 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?

There is always a buyer for things, unfortunately. 

[Moonfire]

There are some guys with jet skis that says hold my beer! 

[rainham]

How does anyone fall for this scam stuff ?

No one is going to offer anyone a chance to get rich out of the goodness of their hearts.

Apart from myself and my unique global investment portfolio ????????

[josephbloggs]

17 hours ago, LEXUS 400 said:

What about the emloied in Kasikorn Bank - Pattaya ?. He take 30 - 40 million baht from customers . Nothing in the news about that , but that was a Thai wish was stealing from farangs !.

So how did you hear about it then?

The persecution complex of some posters on here is unbelievable.  How do you go through life with such a massive chip on your shoulder??

I always wondered where there were never any news stories about Thais committing crimes, only foreigners, now I know.