webfact Posted June 10, 2013 Share Posted June 10, 2013 Cops say Russian loan sharks are preying on Russian tourists in PattayaBy Coconuts BangkokBeautiful, wholesome PattayaPATTAYA: -- How’s this for a fascinating/depressing micro-economy? – Apparently an entire sub-industry of Russian loan sharks has sprung up in Pattaya to service the needs of Russian tourists who run out of money while vacationing in Thailand.Police officials in Pattaya are claiming both that they have control over the situation, and that the activities of Russian loan sharks do not affect Thais nationals.The network of loan sharks working in the infamous vacation spot exists, apparently, to the exclusive benefit and detriment of Russian citizens.This fresh news about the activities of Russian loan sharks in Pattaya [more...]Full story: http://bangkok.coconuts.co/2013/06/10/cops-say-russian-loan-sharks-are-preying-russian-tourists-pattaya -- Coconuts Bangkok 2013-06-10 Link to comment Share on other sites More sharing options...
Popular Post TheShockMaster Posted June 10, 2013 Popular Post Share Posted June 10, 2013 Russian Loan Sharks say Cops are praying on Russian Loan Sharks. 3 Link to comment Share on other sites More sharing options...
Popular Post joepattaya1961 Posted June 10, 2013 Popular Post Share Posted June 10, 2013 So, if ILLEGAL Russian loan-sharks rip off other Russians, then it isn't a problem as long as it doesn't affect Thais. This opens new perspectives for loan-sharks from many other countries 3 Link to comment Share on other sites More sharing options...
JulesMad Posted June 10, 2013 Share Posted June 10, 2013 At least the Russians are taking care of themselves Hopefully the result will be fewer Russians 1 Link to comment Share on other sites More sharing options...
belg Posted June 10, 2013 Share Posted June 10, 2013 could it be that there is also a local russian maffia ? no, not in thailand, impossible next group: albanian maffia, mexican maffia, ... Link to comment Share on other sites More sharing options...
Popular Post thhMan Posted June 10, 2013 Popular Post Share Posted June 10, 2013 This is a joke right....? Police officials in Pattaya are claiming both that they have controlover the situation, and that the activities of Russian loan sharks donot affect Thais nationals. What a horrible bunch of Thais to have made such a comment... Your a disgrace to your country and humanity! 5 Link to comment Share on other sites More sharing options...
Payboy Posted June 10, 2013 Share Posted June 10, 2013 Cops Say Russian Loan Sharks Are Preying On Russian Tourists In Pattaya Those loans then generate chum for local bottom feeders. 1 Link to comment Share on other sites More sharing options...
HerbalEd Posted June 10, 2013 Share Posted June 10, 2013 So, if ILLEGAL Russian loan-sharks rip off other Russians, then it isn't a problem as long as it doesn't affect Thais. This opens new perspectives for loan-sharks from many other countries Did you not see in the article that Thai police arrested Russian loan sharks? Link to comment Share on other sites More sharing options...
Totster Posted June 10, 2013 Share Posted June 10, 2013 Police officials in Pattaya are claiming both that they have control over the situation Read.. they are being paid their dues.. totster Link to comment Share on other sites More sharing options...
stoffel45 Posted June 10, 2013 Share Posted June 10, 2013 Russian Loan Sharks say Cops are praying on Russian Loan Sharks. Cops and Loan sharks seek accommodation on Tourist 'interests'. Link to comment Share on other sites More sharing options...
Gerald14 Posted June 10, 2013 Share Posted June 10, 2013 One would think that a tourist coming here would either have enough cash reserves or would have made arrangements to draw on cash from home in case of emergency. Som Na Na I say 1 Link to comment Share on other sites More sharing options...
bangon04 Posted June 10, 2013 Share Posted June 10, 2013 Maybe the Royal Thai Police are playing a dangerous game. if they allow the Russians (mafia) to get a good foothold, they will regret it later when they realise that the Russians can be much more ruthless than they can imagine. Link to comment Share on other sites More sharing options...
SOTIRIOS Posted June 10, 2013 Share Posted June 10, 2013 ....thank goodness the police are here to protect tourists.....(when it comes to business being taken away from Thais) ...seeing that it is a national pastime for Thais to rip off tourists every which way....this sounds absurd...... 1 Link to comment Share on other sites More sharing options...
Joe Mamma Posted June 10, 2013 Share Posted June 10, 2013 Loaning money at high rates is one of the 7 deadly sins! Link to comment Share on other sites More sharing options...
how241 Posted June 10, 2013 Share Posted June 10, 2013 So, if ILLEGAL Russian loan-sharks rip off other Russians, then it isn't a problem as long as it doesn't affect Thais. This opens new perspectives for loan-sharks from many other countries Did you not see in the article that Thai police arrested Russian loan sharks? +1 Link to comment Share on other sites More sharing options...
drdoom6996 Posted June 10, 2013 Share Posted June 10, 2013 This is a joke right....? Police officials in Pattaya are claiming both that they have control over the situation, and that the activities of Russian loan sharks do not affect Thais nationals. What a horrible bunch of Thais to have made such a comment... Your a disgrace to your country and humanity! Two statements from our friend in Dubai. "Thailand is for Thais" Taksin Speaks, PTP Does" And some wonder why things are the way they are. 1 Link to comment Share on other sites More sharing options...
aechzen Posted June 10, 2013 Share Posted June 10, 2013 putins pattaya !! 1 Link to comment Share on other sites More sharing options...
Emdog Posted June 10, 2013 Share Posted June 10, 2013 Russian tourists probably need the loans after they take a ride on the jet skis. Hard to factor that "extra" into trip budget. 1 Link to comment Share on other sites More sharing options...
Ohio Posted June 10, 2013 Share Posted June 10, 2013 Russian tourists probably need the loans after they take a ride on the jet skis. Hard to factor that "extra" into trip budget. Hear ! Hear ! Link to comment Share on other sites More sharing options...
mikemac Posted June 10, 2013 Share Posted June 10, 2013 "could it be that there is also a local russian maffia ? no, not in thailand, impossible next group: albanian maffia, mexican maffia, ..." What about the Australian mafia ?.........Threat made to club owner - "If you don't pay up we will get our blokes liquored up and send them around to your place to really play up" Link to comment Share on other sites More sharing options...
lee b Posted June 10, 2013 Share Posted June 10, 2013 oh oh again !! Link to comment Share on other sites More sharing options...
rotary Posted June 10, 2013 Share Posted June 10, 2013 Does Putin know about this new industry? Link to comment Share on other sites More sharing options...
pattayadingo Posted June 11, 2013 Share Posted June 11, 2013 The police have control...... control over their cut of the proceeds. Link to comment Share on other sites More sharing options...
chrisinth Posted June 11, 2013 Share Posted June 11, 2013 I can't help thinking what a position for a young naïve traveler to get into. Visits a country, has a better time than he/she planned for & is offered the temptation of additional money to extend their holiday. With no immediate means to pay back (otherwise they would have used those resources in the first place) the interest mounts up, leading to a severe kicking (if they're lucky) or resorting to crime to get the money. When officials make statements that this problem is under control, and does not affect Thais, perhaps they should think the problem through and 'see' the knock-on effects that could possibly effect the Thais. Not funny having a gun stuck in your face with the possibility of getting your head blown off by a person desperate to pay back dodgy loans. Link to comment Share on other sites More sharing options...
Basil B Posted June 11, 2013 Share Posted June 11, 2013 Why should the Thais be worried, just helping Russian tourists to spend more in Thailand. Link to comment Share on other sites More sharing options...
joepattaya1961 Posted June 11, 2013 Share Posted June 11, 2013 So, if ILLEGAL Russian loan-sharks rip off other Russians, then it isn't a problem as long as it doesn't affect Thais. This opens new perspectives for loan-sharks from many other countries Did you not see in the article that Thai police arrested Russian loan sharks? Yes, I did. Didn you notice that this news report is a follow up on the investigation regarding the arrest? Probably the arrested Russian loan-shark paid the BiB generously; that's why they came up with this bright and shiny conclusion. Link to comment Share on other sites More sharing options...
slipperx Posted June 11, 2013 Share Posted June 11, 2013 Loaning money at high rates is one of the 7 deadly sins! Only if done by a foreigner - Thais are quite well accommodated even though it is against the law. Try making a police report against one!" Link to comment Share on other sites More sharing options...
fakename Posted June 13, 2013 Share Posted June 13, 2013 Just a guess, but maybe the loan sharks are giving loans to long time Russian residents, and not tourist. If someone is here on a 2 week holiday, how could he pay back the loan, while he is here? Link to comment Share on other sites More sharing options...
hermespan Posted July 5, 2013 Share Posted July 5, 2013 (edited) The newspaper, police and the posters of this forum seem to be missing an essential point about a market economy (the only type of economy there is). If I offer you a product or service for price X (interest of 5-500% a month) and you change your mind about paying - tough luck for you. Wouldn't surprise me if the Russian toursists (or Thai nationals as well) are lining up to take out loans. And the ledner gets blamed for opereating a business! Is someone coercing people into borrowing money? Case closed! BTW, I am not a loan shark, but this argument shows a lack of understanding of principles and practice of money. Edited July 5, 2013 by hermespan Link to comment Share on other sites More sharing options...
smooth expat Posted July 5, 2013 Share Posted July 5, 2013 (edited) Why can't people learn? If there is a customer there will be a supplier. No law is going to stop that paradigm. Edited July 5, 2013 by smooth expat Link to comment Share on other sites More sharing options...
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