Daily News Thai Caption: Tricked playing crypto

 

Daily News reported that a man who they called Geng (smart) aged 49 - a Thai rice trader - contacted them about losing 680,000 baht trading crypto currency.

 

Geng had been contacted in a flirtatious manner by a pretty lady on Facebook last August.

 

After a delightful chatting up the conversation turned to crypto currency.

 

Picture: Daily News

 

Geng admitted to his newfound love that he was interested but didn't know how to trade in the currency.

 

No problem, said the attractive lady, I can guide you through that. She was something of a Crypto Queen when it came to online trading.

 

Things went well for a while as Geng invested increasingly larger amounts but started to unravel when Geng wanted to take his profits. 

 

Picture: Daily News

 

"Ploi" was still helping but there were mixups over data entry and accounts and demands for payments to close an account as well as tax.

 

Geng finally realised he had been fleeced when Ploi disappeared into the internet ether.

 

He'd reported the matter to the Pak Kret, Nonthaburi, police in October but so far it's been all quiet on the constabulary front.

 

He said that he had been suicidal as he owed the money after taking out bank loans and borrowing from friends and family who all wanted their cash back.

 

But a confidant had talked him back from the edge after reminding him about his mum and the fact that he was the main bread winner in the family. 

 

-- © Copyright  ASEAN NOW 2023-01-05

 

- Cigna 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.

 

Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more!

 

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

poor guy

I guess in a way it is good to see that not only stupid farangs have difficulties with the thinking when their blood is in another part of their body. 

". . . the fact that he was the main bread winner in the family." 

 

Don't think that's quite how the family see him now!

37 minutes ago, CelticBhoy said:

". . . the fact that he was the main bread winner in the family." 

 

Don't think that's quite how the family see him now!

That's why they used the word "was", not "is".

Geng= smart yeah right

Don't invest in what you don't understand.

30 minutes ago, Pedrogaz said:

Don't invest in what you don't understand.

 

Thai women or crypto?

1 hour ago, webfact said:

Geng

First a name change , he's not smart , did not realize the beautiful sexy crypto queen.

was in fact a Nigerian , and needs to start thinking with his big head , not his little one.

regards worgeordie

 

Greed the easiest way to lose money. Unfortunately there is one every minute.

I feel sorry for the guy but it was of his own making.

Not only farangs who get fleeced by Thai thiefs and cheats.   hahaha ...

It's easy for (straight) guys to fall for an attractive and flirtatious lady, regardless of your age. 

Wishing him luck finding the soulless con.

 

"There seems to be an unwritten rule on Wall Street: if you don't understand it, then put your life savings into it" -Peter Lynch.

They do say a fool and his money quickly part!

No sympathy.  He would have a better time losing that money in a top shelf Go Go on WS.

 

P. T. Barnum...remember him.

Sha Zhu Pan - Pig Butchering Scam. Fatten the pig (foreigner) before slaughter. 

 

Multi billion dollar fraud scam run by Chinese organised crime syndicates.  They usually pose as beautiful Chinese, with fake profiles on dating sites or pretend to accidentally message you on What's App, etc.  They groom gullible foreigners with flirtatious chat (can be days, weeks, months) and casually mention they invest and make money in crypto, or their 'aunty/uncle, etc' does. The script is usually the same.

 

Foreigners out of curiosity ask more questions about this seemingly lucrative money making venture.  Then they are often lured into investing into crypto. It may be a combo of legitimate and fake crypto exchange sites. But ultimately the victims will lose everything.