"the Beaches" Customers Lose 200 Million In Deposits

[arachne]

This is bad news.....

http://www.pattayadailynews.com/shownews.p...NEWS=0000009421

Edit: link corrected - mario2008

[PattayaParent]

It's only 100 million lost on the Pattaya Forum.

http://www.thaivisa.com/forum/Vp-the-Beach...rr-t271258.html

[JR Texas]

It's only 100 million lost on the Pattaya Forum.

http://www.thaivisa.com/forum/Vp-the-Beach...rr-t271258.html

Another one bites the dust.........did Ocean 1 also bite the dust?

[Scott]

Is there any way those people can either get their property or money? Will this prevent the project from being completed?

[midas]

Thailand now has an Escrow Act.

I am sure we will hear about more of these incidents

before this current " downturn " is over so people

should insist the money goes into Escrow before

paying anything to anyone.

[PattayaParent]

Thailand now has an Escrow Act.

I am sure we will hear about more of these incidents

before this current " downturn " is over so people

should insist the money goes into Escrow before

paying anything to anyone.

But "The Beaches" was a project being touted as holding the depoitors money in an Escrow account.

[soundman]

Due to various concurrent topics running on this issue, please continue here: http://www.thaivisa.com/forum/Vp-the-Beach...rr-t271258.html

Closed.