6 Foreigners Arrested In Online Investment Scam

[webfact]

6 foreigners arrested in online investment scam

Crime Suppression Division police have arrested four Britons, a Filipino woman and a French man for having allegedly deceiving foreign investors to buy stocks online and cheated them.

Pol Maj Gen Panya Mamen, deputy Central Investigation Bureau commissioner, said the six foreigners were arrested at a house on Soi Thonglor while deceiving foreigners to invest in stock markets through Internet.

Police seized seven desktop computers, six notebook computers and 31 mobile phones from the house.

Information from the seized computers showed that they had deceived the investors to invest over Bt100 million in fake firms.

The foreigners claimed that they were hired by a man identified only as Paul for Bt30,000 to Bt50,000 a month to make phone calls.

-- The Nation 2009/09/19

[hammered]

These seem to crop up every few years

[TAWP]

Name of the company please?

As some investment-firms have recently been calling my office a lot and asking to come and give consultation-meetings which I have always declined...

[astral]

.....they had deceived the investors to invest over Bt100 million in fake firms...

Anyone who invests in a company without checking that it exists, deserves to be parted from their money.

[eurasianthai]

6 foreigners arrested in online investment scam

Crime Suppression Division police have arrested four Britons, a Filipino woman and a French man for having allegedly deceiving foreign investors to buy stocks online and cheated them.

Great one.

Foreigners can't cheat foreigners in Thailand.

[ajsp9]

.....they had deceived the investors to invest over Bt100 million in fake firms...

Anyone who invests in a company without checking that it exists, deserves to be parted from their money.

Bit harsh, sometimes people make poor rash decisions without first checking the facts, but hardly deserving of being scammed from their hard earned money

[Oliver Reed]

6 foreigners arrested in online investment scam

Crime Suppression Division police have arrested four Britons, a Filipino woman and a French man for having allegedly deceiving foreign investors to buy stocks online and cheated them.

Pol Maj Gen Panya Mamen, deputy Central Investigation Bureau commissioner, said the six foreigners were arrested at a house on Soi Thonglor while deceiving foreigners to invest in stock markets through Internet.

Police seized seven desktop computers, six notebook computers and 31 mobile phones from the house.

Information from the seized computers showed that they had deceived the investors to invest over Bt100 million in fake firms.

The foreigners claimed that they were hired by a man identified only as Paul for Bt30,000 to Bt50,000 a month to make phone calls.

-- The Nation 2009/09/19

Cant wait for the photos and news reports of all the back slapping police chiefs lined up behind a table of 6 nervous looking farangs, as they claim to be cleaning up the image of dodgy businesses in LOS, as the hunt goes on for 'Paul'

[aussimike]

.....they had deceived the investors to invest over Bt100 million in fake firms...

Anyone who invests in a company without checking that it exists, deserves to be parted from their money.

Bit harsh, sometimes people make poor rash decisions without first checking the facts, but hardly deserving of being scammed from their hard earned money

A FOOL AND HIS MONEY ARE EASILY PARTED --- NUF SAID

[StrandedBusinessPerson]

Wonder if they advertised here in this forum:)

[huskerpr]

.....they had deceived the investors to invest over Bt100 million in fake firms...

Anyone who invests in a company without checking that it exists, deserves to be parted from their money.

Nobody deserves to be purposely cheated...<snip>

[Thormaturge]

6 foreigners arrested in online investment scam

Crime Suppression Division police have arrested four Britons, a Filipino woman and a French man

The police simply need to ask the four Brits who the ringleader was and I'm sure the entire matter will be resolved in no time.

[Changian]

The police simply need to ask the four Brits who the ringleader was and I'm sure the entire matter will be resolved in no time.

They did. He's called Paul. But somehow I think he is a lot smarter than the people he hired to do the calling.

[fxe1200]

.....they had deceived the investors to invest over Bt100 million in fake firms...

Anyone who invests in a company without checking that it exists, deserves to be parted from their money.

Mathew 5,3

[samjaidee]

6 foreigners arrested in online investment scam

Crime Suppression Division police have arrested four Britons, a Filipino woman and a French man for having allegedly deceiving foreign investors to buy stocks online and cheated them.

Pol Maj Gen Panya Mamen, deputy Central Investigation Bureau commissioner, said the six foreigners were arrested at a house on Soi Thonglor while deceiving foreigners to invest in stock markets through Internet.

Police seized seven desktop computers, six notebook computers and 31 mobile phones from the house.

Information from the seized computers showed that they had deceived the investors to invest over Bt100 million in fake firms.

The foreigners claimed that they were hired by a man identified only as Paul for Bt30,000 to Bt50,000 a month to make phone calls.

-- The Nation 2009/09/19

Interesting that they call it an online scam. The foreigners were paid to make phone calls rather than type emails. Sounds like another typical boiler room to me. Maybe they were using Skype to make the calls. I guess then it would be online.

[DerringDo]

Yup, every once in a while people are busted for scams like this.

Arrest them and deport them. We don't need them based here.

[Scott]

Thanks for this story. I've been looking for investments and I'll stay away from these local deals. As soon as I get that really big deposit from that nice Nigerian guy, I am going to invest some of it!

[Garry]

Jobs at Thai Visa have plenty of network jobs going

Obviously Thai Visa jobs can't vet all that come through, wonder how many may have links to this?

[webfact]

Yup, every once in a while people are busted for scams like this.

Arrest them and deport them. We don't need them based here.

could you kindly elaborate on who is meant with we ?

[pontius]

.....they had deceived the investors to invest over Bt100 million in fake firms...

Anyone who invests in a company without checking that it exists, deserves to be parted from their money.

Bit harsh, sometimes people make poor rash decisions without first checking the facts, but hardly deserving of being scammed from their hard earned money

Oh, a skin rash decision. We don't want people to do those...

Seriously, not too smart to invest in non existing companies cause some stranger called you and told you to do so.

[KevinBloodyWilson]

6 foreigners arrested in online investment scam

Crime Suppression Division police have arrested four Britons, a Filipino woman and a French man for having allegedly deceiving foreign investors to buy stocks online and cheated them.

Pol Maj Gen Panya Mamen, deputy Central Investigation Bureau commissioner, said the six foreigners were arrested at a house on Soi Thonglor while deceiving foreigners to invest in stock markets through Internet.

Police seized seven desktop computers, six notebook computers and 31 mobile phones from the house.

Information from the seized computers showed that they had deceived the investors to invest over Bt100 million in fake firms.

The foreigners claimed that they were hired by a man identified only as Paul for Bt30,000 to Bt50,000 a month to make phone calls.

-- The Nation 2009/09/19

Cant wait for the photos and news reports of all the back slapping police chiefs lined up behind a table of 6 nervous looking farangs, as they claim to be cleaning up the image of dodgy businesses in LOS, as the hunt goes on for 'Paul'

Might be quite nice of the BiB were so assiduous and efficient in picking up Thais who cheat foreigners.

Sorry, I don't know what I could have been thinking, saying that...

[skettios]

The most disgusting part of all of this, is that this guy wasn't operating alone. Obviously those staff members were not going after Thais. The question remains where did they get the phone numbers from?

They weren't just randomly dialing hoping to get a farang on the line. They were probably sold a list of phone numbers from someone.

Last year I was getting a lot of phonecalls from investment companies. I'm fairly certain the only organization that had my number was my bank. The purple one.

I hope someone would run down this side of the equation, but I really doubt it will ever happen.

[TAWP]

I'm sure they are able to buy numbers from directory-services regarding companies with foreign, partly or full, ownership.

Seems that was how they found us.

[jboras]

Thanks for this story. I've been looking for investments and I'll stay away from these local deals. As soon as I get that really big deposit from that nice Nigerian guy, I am going to invest some of it!

Sorry Scott I am first in line for that deposit... poor guy had his family shot so he can give me millions!!!!

[petercallen]

Seems to me there are as many foreigners working scams in Thailand as Thais, maybe a post on Thai visa forum should be started about that.

[lifeincnx]

Oh, and I have a bridge in Brooklyn to sell you.

Caveat emptor in spades.

[z21rhd]

WHAT a Super destination, take a holiday snap, get arrested - give people money, lose it in a Thai style Nigerian SCAM,.

Get blown to pieces in southern Thailand. Get delayed by yellow/red shirt activities.

Don't hire a jet Ski. Get ripped off at Thailand's main airport on arrival or when you have had enough.

Malaysia is a lot more honest.

[Eileenchog]

There was a man that came here some years ago and ran a scam involving a false company and his name was said to be Paul.

[reboi]

I hope my dear terribly British, holier than thou, friend Allan in Ban Khwau reads this!

[superknot]

another con-artist foreigner in Bangkok scamming money! What about this place attracts them? This website announced a recent case right here, again in our own backyard: www.accelon-asia.com

[loong]

The most disgusting part of all of this, is that this guy wasn't operating alone. Obviously those staff members were not going after Thais. The question remains where did they get the phone numbers from?

They weren't just randomly dialing hoping to get a farang on the line. They were probably sold a list of phone numbers from someone.

Last year I was getting a lot of phonecalls from investment companies. I'm fairly certain the only organization that had my number was my bank. The purple one.

I hope someone would run down this side of the equation, but I really doubt it will ever happen.

You may note that many advertisments that appear in your browser are uncannily relevant to your emails. Nearly every free "whatever" that you sign up to online requires a phone number...Why?...Because those phone numbers are sold on.

I periodically open a new email account with yahoo in order to sign up to some websites, using a fake but believable phone number. Of course, you get all the scam emails, but you don't get the phone calls.