stevehaigh Posted June 3, 2013 Share Posted June 3, 2013 There are many farangs doing it via their lady. FACT. All over LOS. FACT. Yes I heard about that too. A Dane was killed here in Patts. app.+5 years ago because of his loaning business, easier to kill him than paying the money back. I don't think they ever found his killers. It never stop to amaze me what expats will do to stay here: Money lending, drug dealing, making pornographic movies and even rob banks. i guess they would have done the same things no matter what country they were living in Link to comment Share on other sites More sharing options...
newermonkey Posted June 3, 2013 Share Posted June 3, 2013 A poster was found stuck on his cat that he was loaning out money to any who is interested. -Pattaya Daily News this poster was stuck to his cat? jeeez, wheres the cat? a gigantic pussy should not be hard to find in Pattaya Yes, I know of some big pussy but this one must be some big Moma-fkr Link to comment Share on other sites More sharing options...
tomross46 Posted June 3, 2013 Share Posted June 3, 2013 I wonder ..... will the BiB transfer the outstanding loans to themselves at 'different rates? No the local sharks will pick them up. They have better enforcement procedures. There stories about a politician borrowing money from the Russian Mafia? Is it true? Link to comment Share on other sites More sharing options...
tinhead Posted June 3, 2013 Share Posted June 3, 2013 The Thai repay loans? Really? Ha! Link to comment Share on other sites More sharing options...
DGIE Posted June 3, 2013 Share Posted June 3, 2013 What is the Interest rate? I didn't see it mentioned. Maybe his reason for higher interest rate is that there is not much requirements for the borrowers to borrow money. Link to comment Share on other sites More sharing options...
retell Posted June 3, 2013 Share Posted June 3, 2013 (edited) What is the Interest rate? I didn't see it mentioned. Maybe his reason for higher interest rate is that there is not much requirements for the borrowers to borrow money. a daily interest of 2 per cent or 60 per cent a month nice to see that the cent is still active in thailand Edited June 3, 2013 by retell Link to comment Share on other sites More sharing options...
tomyumchai Posted June 3, 2013 Share Posted June 3, 2013 2% A day. 730% A year,That person is really low with that kind of interest.They should put A hurting on him for doing that.I could see charging A reasonable interest,but that amount is obserd. oh thats not too bad really, our UK tv screens are awash with legal loan sharks charging around 2760% interest! they have to put it in the small print in the ad........you will get a static shock from the tv screen putting your face that close to it to read the small print but it is there........and business is booming. Link to comment Share on other sites More sharing options...
aechzen Posted June 3, 2013 Share Posted June 3, 2013 where is the angry mop ? Link to comment Share on other sites More sharing options...
mikemac Posted June 3, 2013 Share Posted June 3, 2013 A cat ran by me today sporting a poster but it was going so fast I did not have a chance to read it. I thought I caught the word "pizza" Link to comment Share on other sites More sharing options...
jacko45k Posted June 3, 2013 Share Posted June 3, 2013 Caught drinking coffee at Starbucks. Guy should be ashamed of himself And perhaps not paying his taxes like them too......... 1 Link to comment Share on other sites More sharing options...
johnlandy Posted June 3, 2013 Share Posted June 3, 2013 Yeah, Thailand has plenty of native loan sharks already ... And that's probably the real reason why they have collared this Russky. He is taking business away from the ethnic bottom feeders. TiT Thais exploit Thais Link to comment Share on other sites More sharing options...
transam Posted June 3, 2013 Share Posted June 3, 2013 where is the angry mop ? It's here, it's here. 1 Link to comment Share on other sites More sharing options...
SGD Posted June 3, 2013 Share Posted June 3, 2013 Daily compounding with no interest or capital repayments makes it a whopping 137,741% per annum ! Link to comment Share on other sites More sharing options...
MyFriend You Posted June 3, 2013 Share Posted June 3, 2013 There are many farangs doing it via their lady. FACT. All over LOS. FACT. Yes I heard about that too. A Dane was killed here in Patts. app.+5 years ago because of his loaning business, easier to kill him than paying the money back. I don't think they ever found his killers. It never stop to amaze me what expats will do to stay here: Money lending, drug dealing, making pornographic movies and even rob banks. I know a guy that does it via his mrs and brags about relieving Thai folk of their baht with high interest. Only a matter of time before you will be reading his obituary if he keeps bragging about it, he tells someone, they tell their wife, wife tells someone else who has borrowed money from the Mrs 'Farang' then all hell breaks loose.........think I'll RIP in advance in case I miss the obit. Link to comment Share on other sites More sharing options...
BahBahBoBo Posted June 3, 2013 Share Posted June 3, 2013 A poster was found stuck on his cat that he was loaning out money to any who is interested. -Pattaya Daily News hahaha the poor cat, he should be charged with animal cruelty. Link to comment Share on other sites More sharing options...
MyFriend You Posted June 3, 2013 Share Posted June 3, 2013 Russian nabbed in connection with loan shark racket By English News PATTAYA, June 3 – A Russian national was arrested in this eastern resort town Saturday night on charges of predatory lending and illegally working in Thailand. Police said Ayrat Khabiryanov was a member of the Russian loan shark racket which has been involved in illegally offering loans at extremely high interest rates since last year. Deputy Interior Minister Chat Kuldilok said Thai police have been hunting for the group after more than 10 Russian money borrowers filed complaints with the authorities last month. They told police that the group offered Bt5,000-30,000 to a borrower and charged a daily interest of 2 per cent or 60 per cent a month, subject to interest payment every 10 days. The borrowers’ passports were taken as collateral when the loans were given. Those who failed to pay the loans were assaulted or confined. Some were taken to the Thai authorities to face charges of staying in Thailand without passports. Police seized a list of 285 money borrowers, all of whom were Russians. Mr Khabiryanov was responsible for receiving phone calls and keeping accounts of all loans dispersed, police said. (MCOT online news) -- TNA 2013-2013-06-03 Thai officials....NEVER miss a chance for a photo op! Who are the foiur jokers behind him - they certainly look European/north central Asian to me - but photo is terrible. His partners?? People he loaned money too?? The volunteer Farang Police?? Link to comment Share on other sites More sharing options...
telco Posted June 3, 2013 Share Posted June 3, 2013 Still cheaper than Wonga.com Link to comment Share on other sites More sharing options...
krisb Posted June 3, 2013 Share Posted June 3, 2013 My suggestion, less of these stories on Thailand scumbags and more stories on good things going on in the country. How bout it mods? Link to comment Share on other sites More sharing options...
transam Posted June 3, 2013 Share Posted June 3, 2013 My suggestion, less of these stories on Thailand scumbags and more stories on good things going on in the country. How bout it mods? Folk must keep their eyes open and remember farangs are doing this stuff. I know one who enjoys taking cash from the poor. Sadly. Link to comment Share on other sites More sharing options...
SOTIRIOS Posted June 3, 2013 Share Posted June 3, 2013 ..........at interest rates that exceed the Thai law’s interest rate regulation...... ........this is beyond absurd........ ....no rates mentioned either, conveniently........ ..a perfect setup once again..so the locals can keep gouging....... Link to comment Share on other sites More sharing options...
Loptr Posted June 3, 2013 Share Posted June 3, 2013 No work permit for loan sharks as farang cannot compete with Thais for the same jobs. Good work BiB for protecting the local loan sharks. Link to comment Share on other sites More sharing options...
Andre0720 Posted June 3, 2013 Share Posted June 3, 2013 I wonder if he had a work permit for usury Might be how they caught him... Link to comment Share on other sites More sharing options...
tropo Posted June 3, 2013 Share Posted June 3, 2013 Why would a person agree to lending money at those rates and then complain they were being charged too much interest? They knew the deal going in. I reckon the people lending the money were "scumbags" too. They knew they could get away with their loan money if they reported him when the going got tough. Link to comment Share on other sites More sharing options...
tropo Posted June 3, 2013 Share Posted June 3, 2013 ..........at interest rates that exceed the Thai law’s interest rate regulation...... ........this is beyond absurd........ ....no rates mentioned either, conveniently........ ..a perfect setup once again..so the locals can keep gouging....... 2% per day to be paid every 10 days. Link to comment Share on other sites More sharing options...
tropo Posted June 3, 2013 Share Posted June 3, 2013 (edited) >2% A day. 730% A year,That person is really low with that kind of interest.They should put A hurting on him for doing that.I could see charging A reasonable interest,but that amount is obserd. No you forgot about the compounding of interest, much higher. I don't believe the lender was low charging that much. He had en extremely high risk of not getting paid and (as it happened) being turned in by the people he lent money too. How much interest would you charge people who are unlikely to repay you? Obviously people who are desperate enough to borrow money at these rates are very hard up for cash. He'd need that interest money to cover non-payments. Edited June 3, 2013 by tropo Link to comment Share on other sites More sharing options...
rbrooks Posted June 3, 2013 Share Posted June 3, 2013 I wondering how a Thai could read Russian, let alone English but looks like one of the readers told the rest of the story. It seems the Russian chap is just carrying on the family tradition as they normally do in their own country. Link to comment Share on other sites More sharing options...
BradinAsia Posted June 3, 2013 Share Posted June 3, 2013 Call me crazy but the sign says in Russian " Financial help to Russian Citizens without deposits or guarantees." How exactly Thai's learned to read Russian and became Russian citizens? Perhaps an unhappy gf decided to take over the biz Lemoncake, you've got the gist of it, but a more accurate translation would be: Urgent Financial Help Without collateral and cosigners For all citizens of Russia and former Soviet Union countries Link to comment Share on other sites More sharing options...
KuhnPaen Posted June 3, 2013 Share Posted June 3, 2013 and the innocent, hard working Thai people are suddenly no longer responsible for repaying the debt i assume. I don't even think a farang would be allowed to beg on the streets in LOS. Even the bottom rung of society has a hierarchy, and he would be intruding on the beggar gangs turf. This sounds like when robbers rob drug dealers--because they know it was illegal and they can't go to the cops. This is a case of the scammers getting scammed by the masters. Link to comment Share on other sites More sharing options...
transam Posted June 3, 2013 Share Posted June 3, 2013 Lots of looks on this topic eh, wonder why, ................. Link to comment Share on other sites More sharing options...
ALFREDO Posted June 3, 2013 Share Posted June 3, 2013 (edited) There are many farangs doing it via their lady. FACT. All over LOS. FACT. Yes I heard about that too. It never stop to amaze me what expats will do to stay here: Money lending, drug dealing, making pornographic movies and even rob banks. Is there not a saying? "When in -Rome-, do as the Romans do!" So in Thailand -.....do as the Thais do!- I prefer the one that says "When in Rome, do the Romans.." As I am not gay, I could not really, say, "Do the Romans!" more likely, I could say, =Do the Roman women.= Edited June 3, 2013 by ALFREDO Link to comment Share on other sites More sharing options...
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