Current scams, the list

[NewlyMintedThai]

Look I am not a Director so that means very little to me and you can take from that what you will.

I'm taking quite a lot from it. With that huge client base, how is it that your company has zero revenue? Where is it all going?

[FiftyTwo]

You also say we just try to sell to get a commission. I guess that is your opinion and you are entitled to it. But it is wrong. We work with each client individually and tailor what we do for them to meet their own needs. We carry out in-depth consultations over 4-5 meetings, giving a complete holistic look at their situation (so carrying out an indepth needs analysis, looking at the their overall personal circumstances, and really looking at what each person wants to achieve). Commission comes nowhere near any decisions we make.

Funny that all the funds that go bust seem to be offering IFAs over and above the normal 5% commission.

Any reputable IFA wouldn't be selling 'high commission' products to their clients, because they usually go bust.

But strangely 'high commission' products appear to be most favoured by IFAs in Thailand.

[Billy The Kid]

Chicken curry scam... It was dogs.

[saintbangkok]

Business class group has 15m registered capital. Not sure where you found 2m, but my legal eagle eyes tells me they have 15m reg capital and HQ in regulated HK, does not seem like a bad firm to me. Perhaps a few too many bar stool lawyers on here happy to tar all IFA groups with the same brush?

[saintbangkok]

Actually, a quick look at the Business class webby shows me they do all sorts, legal, loans, visas, insurance (NOT assurance for those who know the diff), so hardly a boiler room IFA group. Seems more like a genuine legals and money sort of services shop. Not really much mention even of IFA stuff.

[NewlyMintedThai]

Business Class has capital of 2 million. That's the company the poster said he worked for.

PFS, a related company, has capital of 15 million.

Did you read the Drummond article?

[NewlyMintedThai]

PS: who cares where the HQ is located? This is a completely separate juristic person.

[saintbangkok]

Business Class has capital of 2 million. That's the company the poster said he worked for.

PFS, a related company, has capital of 15 million.

Did you read the Drummond article?

Oh please no, not the drunk from Pattaya Andrew Drummond. Is there anyone with less credibility then him?

Bottom line mate is you are being a bit harsh as not ALL these sorts of companies are bad. In life, learn to be a bit open minded about thing, you will find much more happiness.

PFS seems to be to be part of the group, so hence 15m reg capital. Do you per chance work for one of their competitors? winky thing here

[saintbangkok]

 

PS: who cares where the HQ is located? This is a completely separate juristic person.

 

In fact it matters hugely that they have HQ in HK as if they do any wrong in TH or anywhere else they will be investigated and could and likely would lose their HK status. That is a fact, i know this well as i was in similar work some years back. Check out devere and many others here in TH and see if they have HK offices........no? Wonder why? It matters....in that industry it matters hugely that they have a HK HQ and licenses etc.

[NewlyMintedThai]

Look out: armchair lawyer ahead.

The Bangkok and HK entities have NO legal connection. The former is not an affiliate, nor are any of its shares held by the HK entity. Legally, two completely separate and unrelated entities.

[saintbangkok]

 

Look out: armchair lawyer ahead.

The Bangkok and HK entities have NO legal connection. The former is not an affiliate, nor are any of its shares held by the HK entity. Legally, two completely separate and unrelated entities.

 

Incorrect. Any crime in TH would effect their status and licences in HK, this i know is 100% accurate. So you are devere, who would of thought it. You carry on boyo, happy with your lot.

[NewlyMintedThai]

Hmmm...so you joined the forum today to argue for the legitimacy of a company with just 2 million baht in capital and no turnover for the past year?

How very interesting.

I guess you'll be running right over to hand your life savings over to the 26 year-old financial wizard from Glasgow.

[saintbangkok]

Hmmm...so you joined the forum today to argue for the legitimacy of a company with just 2 million baht in capital and no turnover for the past year?

How very interesting.

I guess you'll be running right over to hand your life savings over to the 26 year-old financial wizard from Glasgow.

Figured you would revert to such tact. In hospitality myself.....how about you Mr. Devere?

Personally i have always enjoyed setting records straight with people who are quick to judge but in truth know very little. You should think before you post and just have a little decency to ruin peoples names without know facts first. These people could be good guys for all you know. Live and let live is what i say.

Incidentally, what do you think of Devere?

PS. Been on this forum for years but they asked me to change my name as i could not recall the password and reset so i had no choice but to make new logon.

Edited October 8, 2013 by saintbangkok

[NeverSure]

The ultimate and number1 scam is (and remains):

- Thai lady marrying Farang (wearing rose colored glasses) with the sole intent of milking him financially.

This must be the number 1 scam and ongoing. The financial damage done to Farangs by this scam dwarfs any damage done by petty Jet-Ski-scams, etc etc....

Perfectly legal and Thai-Legislation supports this scam.

Cheers.

I don't know how people get sucked into this.

My current girlfriend cost me 1500 baht and included the pump and patch kit.

[NewlyMintedThai]

Hmmm...so you joined the forum today to argue for the legitimacy of a company with just 2 million baht in capital and no turnover for the past year?

How very interesting.

I guess you'll be running right over to hand your life savings over to the 26 year-old financial wizard from Glasgow.

Figured you would revert to such tact. In hospitality myself.....how about you Mr. Devere?

Personally i have always enjoyed setting records straight with people who are quick to judge but in truth know very little. You should think before you post and just have a little decency to ruin peoples names without know facts first. These people could be good guys for all you know. Live and let live is what i say.

Incidentally, what do you think of Devere?

PS. Been on this forum for years but they asked me to change my name as i could not recall the password and reset so i had no choice but to make new logon.

I'm a lawyer. Who or what is Devere?

[saintbangkok]

Never had any problems with the jet ski scams, as a non swimmer i am safe from that

[saintbangkok]

Hmmm...so you joined the forum today to argue for the legitimacy of a company with just 2 million baht in capital and no turnover for the past year?

How very interesting.

I guess you'll be running right over to hand your life savings over to the 26 year-old financial wizard from Glasgow.

Figured you would revert to such tact. In hospitality myself.....how about you Mr. Devere?

Personally i have always enjoyed setting records straight with people who are quick to judge but in truth know very little. You should think before you post and just have a little decency to ruin peoples names without know facts first. These people could be good guys for all you know. Live and let live is what i say.

Incidentally, what do you think of Devere?

PS. Been on this forum for years but they asked me to change my name as i could not recall the password and reset so i had no choice but to make new logon.

I'm a lawyer. Who or what is Devere?

Devere are an IFA group, surely you know that seeing as you know everything? Shock horror.

BANG.....that was your credibility.

[NewlyMintedThai]

I'm not a banker, I'm a lawyer.

So what was your previous handle, by the way? And why do you seem to be so emotional about this particular company?

The gentlemen invited us to do "due diligence" -- which I did -- and it isn't pretty. Of course, they could be lovely chaps.

[saintbangkok]

I'm not a banker, I'm a lawyer.

So what was your previous handle, by the way? And why do you seem to be so emotional about this particular company?

The gentlemen invited us to do "due diligence" -- which I did -- and it isn't pretty. Of course, they could be lovely chaps.

So do some DD on Devere then an let us all know if they are OK or not. Should be easy enough yes?

[NewlyMintedThai]

Why would I do that? They've never cold-called me, nor have they tried to publicize themselves here. I can't find a wikipedia entry for them, though -- which seems strange for such a supposedly well-known entity.

What do you know about Business Class (Thailand) Ltd, anyway? You claim they have 15 million in capital, when they only have two. What else can you tell us?

And what was your previous handle, again?

[saintbangkok]

I'm not a banker, I'm a lawyer.

But you know so much about this group (alot of it wrong) so surely you should know about another? You say yourself you are a lawyer (i doubt it, seriously as you would not open yourself up to such things on a public forum if you were) but you were happy to pick on this group???? seems a bit odd?

[saintbangkok]

Why would I do that? They've never cold-called me, nor have they tried to publicize themselves here. I can't find a wikipedia entry for them, though -- which seems strange for such a supposedly well-known entity.

What do you know about Business Class (Thailand) Ltd, anyway? You claim they have 15 million in capital, when they only have two. What else can you tell us?

And what was your previous handle, again?

I am asking. He asked you to DD his group, so now i can ask you to DD Devere. You seem reluctant? Why???

And why would a lawyer rely on Wikipedia, written by anybody and often nobody, not exactly safe secure reliable legal sources........what type of lawyer are you sir?

Edited October 8, 2013 by saintbangkok

[NewlyMintedThai]

Please point out what I have posted about this group that is incorrect, and I will happily retract it.

[saintbangkok]

Never. And doubt I ever will.

Like others, I'm left totally cold by cold calls.

Sad to say, if you think like that then in fact you are as closed minded as those who cold call.

I asked a question on an expat forum some time back, let us see what answers we get on here. You have 10m baht to invest, would you

A. Buy a condo in Bangkok?

B. Leave it in the Bank earning 1%

C. Maybe speak to an investment expert who can make it work best for you?

Seriously, cold calls, yeah no good man, but if you want to build a building you see an architect and builder, if you have legal issues you see a lawyer, if you want to invest money, do you go down to the local expat bar and ask your mates? fact is, these people do in fact know what they are doing (not sure about the above) i know this as i bought an investment plan in 1999 when i worked in Saudi and it has averaged me 9.7% net in those 14 years. Much better than depreciating Bangkok condos and worthless banks.

For serious financial matters I visit with a reputable private banking officer at an international bank, or discuss with my stock broker back home.

These fly-by-night "expat" experts are mostly just trying to sell you their product so they can get a commission. Most are highly unqualified, young, and are living in Bangkok for all the wrong reasons. Most are less than half my age and have no experience in anything other than trying to sell their product.

Another tip: the address in Pacific Place 2 really turns me off. That has been one of favored locations of boiler rooms for as long as I can remember.

Most are young.....

http://www.businessclassgroup.com/key.asp

Well that seems wrong for starter, so maybe you want to retract that? They all look as old as Methusala (how is that spelt?)

You do know what Due Diligence means yes?

Now, back to Devere Not got anything other than wikipedia in your inventory?

[NewlyMintedThai]

The guys who make the calls are young. The guy who posted here is young (late 20's).

Is that all you got?

And who gives a flying fig about Devere? What's the relationship to the topic?

And AGAIN...what was your previous user name?

[saintbangkok]

Never. And doubt I ever will.

Like others, I'm left totally cold by cold calls.

Sad to say, if you think like that then in fact you are as closed minded as those who cold call.

I asked a question on an expat forum some time back, let us see what answers we get on here. You have 10m baht to invest, would you

A. Buy a condo in Bangkok?

B. Leave it in the Bank earning 1%

C. Maybe speak to an investment expert who can make it work best for you?

Seriously, cold calls, yeah no good man, but if you want to build a building you see an architect and builder, if you have legal issues you see a lawyer, if you want to invest money, do you go down to the local expat bar and ask your mates? fact is, these people do in fact know what they are doing (not sure about the above) i know this as i bought an investment plan in 1999 when i worked in Saudi and it has averaged me 9.7% net in those 14 years. Much better than depreciating Bangkok condos and worthless banks.

For serious financial matters I visit with a reputable private banking officer at an international bank, or discuss with my stock broker back home.

These fly-by-night "expat" experts are mostly just trying to sell you their product so they can get a commission. Most are highly unqualified, young, and are living in Bangkok for all the wrong reasons. Most are less than half my age and have no experience in anything other than trying to sell their product.

Another tip: the address in Pacific Place 2 really turns me off. That has been one of favored locations of boiler rooms for as long as I can remember.

Most are young.....

http://www.businessclassgroup.com/key.asp

Well that seems wrong for starter, so maybe you want to retract that? They all look as old as Methusala (how is that spelt?)

You do know what Due Diligence means yes?

Now, back to Devere Not got anything other than wikipedia in your inventory?

Oh and you claim that address is the 'favoured location of boiler rooms' so again as a lawyer i am sure you have past evidence of this and links to such things yes? Or........

[NewlyMintedThai]

Yup -- easily available from the Thai Registry of Companies.

Now...what was your claimed previous user name? If you fail to advise, I'm afraid I have nothing more to say to you (Mr. Wood, possibly?).

[saintbangkok]

The guys who make the calls are young. The guy who posted here is young (late 20's).

Is that all you got?

And who gives a flying fig about Devere? What's the relationship to the topic?

And AGAIN...what was your previous user name?

You seem keen not to talk about Devere, you seem to have an emotional attachment to this group. Why is that?

Hopefully this will have taught you that most of what you have claimed and said here is rot, as i have turned it all back on you. but no doubt you will just come back with meaningless rhetoric.

Previous name was stbangers.....only made maybe 300 posts....but that is because i don't usually bother with such places due to .......... yeah you guessed it, people pretending to be lawyers coming back with DD from wikipedia.

If you can't see the relationship to the topic being dever are cold calling IFA's then you do need to go back and sit the BAR exams again, the right BAR this time though.

[saintbangkok]

Yup -- easily available from the Thai Registry of Companies.

Now...what was your claimed previous user name? If you fail to advise, I'm afraid I have nothing more to say to you (Mr. Wood, possibly?).

Oh dear. So a user name is more important than you failing to want to do any DD on a rival company to those on here. Me thinks you work at Devere David.

[NewlyMintedThai]

I have no emotional attachment to Devere because I've never heard of them. Why do you keep bringing them up? They have nothing to do with anything here.

A weak attempt to deflect attention?

Isn't it time for you to get back to tending your bar?