Man accused of duping millions in stock fraud

[Friendly Stranger]

So he basically found a bunch of greedy and corrupt individuals and scammed them .... not that hard in Thailand. No wonder the Nigerians like it here so much. The first rule of any scam is to find greedy and or corrupt people who are want to make a fast buck.

Thainess!

Saying these people were corrupt is strong, as we all like to make money? About greed, yes true, but we've all been there at one time or another.

[Friendly Stranger]

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So he basically found a bunch of greedy and corrupt individuals and scammed them .... not that hard in Thailand. No wonder the Nigerians like it here so much. The first rule of any scam is to find greedy and or corrupt people who are want to make a fast buck.

Thainess!

Well I've seen this one. My Thai son's first wife got taken to the cleaners by her 'best friend at high school'.

Turns out 'best friend at high school' borrowed money from all 'friends' at school pretty much every day and on a roster system. Never paid back.

Turns out 'best friend at high school' has a mentor - her aunt who has become quite rich through over selling insurance and as a aggressive loan shark.

Turns out 'best friend at high school' tricked many old school friends into buying both health and valueless life insurance (health cover way beyond anything ever needed) and had also got into cahoots with a couple of scaly doctors in a health insurance scam and made quite some extra cash.

Turns out 'best friend at high school' also sold condos and had no conscience to promise many expensive extras to buyers which would never ever be delivered.

Turns out 'best friend at high school' is now in the monkey house serving 4 years.

This "best friend at high school" better watch her back when released, as these people will not forget.

[DekDaeng]

Can't be all that bright. He should know that it's best to scam foreigners or poorer Thais, certainly not the well-connected.

I think there are medals for the best scam jobs on foreigners.

[northengr]

Can't be all that bright. He should know that it's best to scam foreigners or poorer Thais, certainly not the well-connected.

but they are the ones with real money, not us meager foreigners and certainly not the poor

[khounteen]

Wow! They actually named his father and his position. There must be a motive behind this, as in some cases family names were blanked out.

[GuestHouse]

So no charges against the 'victims' for insider trading?

[SoFarAndNear]

Where is the stock fraud? Sounds more like a simple scam...