CM "financial adviser"..........

[R123]

http://www.andrew-drummond.com/2014/05/expats-club-founder-in-monetary-scam.html

[KittenKong]

Who could imagine such a thing?

I wouldn't even let a fully regulated financial advisor in the UK get his hands on my money. As for giving it to a totally unregulated expat loser in Thailand, I'd surely get better value by giving it all to a bargirl.

[worgeordie]

But he will be returning,when he feels a bit better !

regards Worgeordie

[ezzra]

Com'on, have faith in your fellow man.... no cheaters and scammers here in Thailand,

there are all good people... just ask any politiciann or police or army men...

[KittenKong]

This "advisor" apparently considers that sums of less than GBP50,000 are so small that "there's not much we can do with them" and so they seem to get placed in a single fund without any attempt at diversification. Unfortunately one of the funds they did this with collapsed last year.

How an "advisor" could consider he is earning his commission by placing such a relatively large sum with just one fund is quite beyond me, especially if the sum represents a client's entire savings. Most respectable funds I know of will happy accept placements of GBP1000, so this risk could have been spread perhaps 50 ways. Of course that might have required some effort on the part of the "advisor" and it may have had a negative effect on their commission also.

[samran]

Come on... The guy is really a Thai in disguise right? We know that farangs don't rip anyone off...only Thai people who do it to poor farang folk.