webfact Posted July 9, 2015 Share Posted July 9, 2015 Pattaya Property Scammer arrested by Police in East PattayaPATTAYA: -- A Pattaya-based Estate Agent, who is accused of cheating potential buyers out of millions of Baht has been arrested by Nongprue Police.An arrest warrant was issued for Khun Kanokwan aged 35 on 19th May in connection with multiple cases of theft, relating to monies paid to her to cover deposits for houses and condominiums. Her victims claim that she promised them that it would be easy to obtain bank loans for new properties as she used to work for a Bank and had good connections with its upper-management.In return, the customers had to commit to the purchase by placing deposits with her first. The loans were never forthcoming and deposits were never paid back.Full story: http://pattayaone.net/pattaya-news/202789/pattaya-property-scammer-arrested-by-police-in-east-pattaya/-- Pattaya One 2015-07-10 Link to comment Share on other sites More sharing options...
HLover Posted July 9, 2015 Share Posted July 9, 2015 Looks like she ate most of the deposits. Link to comment Share on other sites More sharing options...
LennyW Posted July 10, 2015 Share Posted July 10, 2015 Just the one? Link to comment Share on other sites More sharing options...
FireMedic Posted July 10, 2015 Share Posted July 10, 2015 Real Estate scamming in Pattaya? Why I've never........ Link to comment Share on other sites More sharing options...
Barin Posted July 10, 2015 Share Posted July 10, 2015 Did she work for the infamous "The Koral" condo in Pattaya 5 years ago? We paid the deposits but never received back the deposits, and the condo was never built! Anyone here with the same experience? Link to comment Share on other sites More sharing options...
kovaltech Posted July 10, 2015 Share Posted July 10, 2015 Did she work for the infamous "The Koral" condo in Pattaya 5 years ago? We paid the deposits but never received back the deposits, and the condo was never built! Anyone here with the same experience? did you file a police complaint ?... Link to comment Share on other sites More sharing options...
little mary sunshine Posted July 10, 2015 Share Posted July 10, 2015 Trust me!! Give me your money....and people did... Stupid, stupid people Link to comment Share on other sites More sharing options...
gerry123 Posted July 10, 2015 Share Posted July 10, 2015 looks a bit cocksure to me Link to comment Share on other sites More sharing options...
Barin Posted July 10, 2015 Share Posted July 10, 2015 Did she work for the infamous "The Koral" condo in Pattaya 5 years ago? We paid the deposits but never received back the deposits, and the condo was never built! Anyone here with the same experience? did you file a police complaint ?... Yes, we applied to the Court in Pattaya in August, 2013. There is a silence since then... Link to comment Share on other sites More sharing options...
glasswort Posted July 10, 2015 Share Posted July 10, 2015 Why are people so gullible when it comes to deposits and property here in Thailand? I used to work at a bank, know all the top people and can obtain loans for you. If anyone believes a line like this then they deserve to get scammed. Link to comment Share on other sites More sharing options...
little mary sunshine Posted July 10, 2015 Share Posted July 10, 2015 You never,ever put money into ANYcondo in In Thailand until you see the driveway and Car park has been paved,,,for the SECOND Time!! Link to comment Share on other sites More sharing options...
JakeSully Posted July 10, 2015 Share Posted July 10, 2015 Why are people so gullible when it comes to deposits and property here in Thailand? I used to work at a bank, know all the top people and can obtain loans for you. If anyone believes a line like this then they deserve to get scammed. Language barrier and it's surprising there aren't more scams like this. Link to comment Share on other sites More sharing options...
circusman Posted July 10, 2015 Share Posted July 10, 2015 Did she work for the infamous "The Koral" condo in Pattaya 5 years ago? We paid the deposits but never received back the deposits, and the condo was never built! Anyone here with the same experience? did you file a police complaint ?... You gave money to someone on just a promise ? Foolish man. Link to comment Share on other sites More sharing options...
Asiantravel Posted July 10, 2015 Share Posted July 10, 2015 Trust me!! Give me your money....and people did... Stupid, stupid people Exactly. How long would it take for anyone to verify before handing over one satang that the money would at least be held in a trust account.? If not bye bye. I simply don't understand the naivete of people particularly based on all the past examples. Link to comment Share on other sites More sharing options...
Linky Posted July 10, 2015 Share Posted July 10, 2015 Did she work for the infamous "The Koral" condo in Pattaya 5 years ago? We paid the deposits but never received back the deposits, and the condo was never built! Anyone here with the same experience? did you file a police complaint ?... You gave money to someone on just a promise ? Foolish man. No, he put a deposit down on a condo pending loan approval. Something that is done in the west as the norm. Link to comment Share on other sites More sharing options...
Benmart Posted July 10, 2015 Share Posted July 10, 2015 Did she work for the infamous "The Koral" condo in Pattaya 5 years ago? We paid the deposits but never received back the deposits, and the condo was never built! Anyone here with the same experience? did you file a police complaint ?... A question answered by a question. Link to comment Share on other sites More sharing options...
Barin Posted July 10, 2015 Share Posted July 10, 2015 Did she work for the infamous "The Koral" condo in Pattaya 5 years ago? We paid the deposits but never received back the deposits, and the condo was never built! Anyone here with the same experience? did you file a police complaint ?... You gave money to someone on just a promise ? Foolish man. No, it was a real estate developer company "River Life Residence Company Limited". The deposit of THB 106,000 was paid upon signing a Contract at Queen Sirikit Center in Bangkok. Please see the attached files. Link to comment Share on other sites More sharing options...
Asiantravel Posted July 10, 2015 Share Posted July 10, 2015 Did she work for the infamous "The Koral" condo in Pattaya 5 years ago? We paid the deposits but never received back the deposits, and the condo was never built! Anyone here with the same experience? did you file a police complaint ?... You gave money to someone on just a promise ? Foolish man. No, he put a deposit down on a condo pending loan approval. Something that is done in the west as the norm. What are you implying? In many countries in the " West "you would be dealing with estate agents who have some form of government issued license to practice and are compelled to deposit such money in a trust account as part of keeping that license. That is why giving money to anyone in an unregulated market is indeed foolish. Link to comment Share on other sites More sharing options...
Asiantravel Posted July 10, 2015 Share Posted July 10, 2015 Did she work for the infamous "The Koral" condo in Pattaya 5 years ago? We paid the deposits but never received back the deposits, and the condo was never built! Anyone here with the same experience? did you file a police complaint ?... You gave money to someone on just a promise ? Foolish man. No, it was a real estate developer company "River Life Residence Company Limited". The deposit of THB 106,000 was paid upon signing a Contract at Queen Sirikit Center in Bangkok. Please see the attached files. So the moral of your story should be if any real estate developer is not working in accordance with the Thai Escrow Act (which was introduced specifically to protect buyers of " off the plan " condos in Thailand) then simply don't deal with them http://thailand-realestate.com/blog/the-escrow-act-b-e-2551/ Link to comment Share on other sites More sharing options...
inzman Posted July 10, 2015 Share Posted July 10, 2015 Actually. Never buy off Plan in the land of scams Link to comment Share on other sites More sharing options...
Barin Posted July 10, 2015 Share Posted July 10, 2015 (edited) You gave money to someone on just a promise ? Foolish man. No, he put a deposit down on a condo pending loan approval. Something that is done in the west as the norm. What are you implying? In many countries in the " West "you would be dealing with estate agents who have some form of government issued license to practice and are compelled to deposit such money in a trust account as part of keeping that license. That is why giving money to anyone in an unregulated market is indeed foolish. As I explained earlier that was not the case. It was a licensed real estate developer company. And that was not their first project. Previously they had successfully completed 2 other projects in Bangkok: Anantara Ratchaprasong Serviced Suites Bangkok Baan Navatara Condominium in Bangkok Edited July 10, 2015 by Barin Link to comment Share on other sites More sharing options...
sickwaterbuffalo2 Posted July 10, 2015 Share Posted July 10, 2015 Did she work for the infamous "The Koral" condo in Pattaya 5 years ago? We paid the deposits but never received back the deposits, and the condo was never built! Anyone here with the same experience? If you google around about people who have been conned in Thailands property market you would be flabbergasted and most have lost a lot more than you,and lets just say that a lot of Thailand centric fora and websites who have so called property companys advertising with them will keep sthumm about the subject because of fear of legal prosecution or they are in on it themselves. I can understand that people would like a piece of property in paradise but as said before buyer beware in an unregulated market........to many cowboys and shysters. Link to comment Share on other sites More sharing options...
i claudius Posted July 11, 2015 Share Posted July 11, 2015 (edited) Believe it or not there are decent and honest estate agents in Pattaya ,my wife works for one who has been in buisness here for 12 years or more , , there are just as many dishonest sellers ,believe me and renters who will not give deposits back ,Thai and farang. Edited July 11, 2015 by i claudius Link to comment Share on other sites More sharing options...
little mary sunshine Posted July 11, 2015 Share Posted July 11, 2015 You found the ONLY honest company... Cher said it best..."Gypsies, Tramps And Thieves"... Link to comment Share on other sites More sharing options...
BlackJack Posted July 12, 2015 Share Posted July 12, 2015 Escrow is for the big players not developers as they use your money to start I dont know of any developers that use Escrow - none so if they dont offer it you can use it Link to comment Share on other sites More sharing options...
kovaltech Posted July 12, 2015 Share Posted July 12, 2015 Did she work for the infamous "The Koral" condo in Pattaya 5 years ago? We paid the deposits but never received back the deposits, and the condo was never built! Anyone here with the same experience? did you file a police complaint ?... Yes, we applied to the Court in Pattaya in August, 2013. There is a silence since then... Did you applied to the court for a civil case ? or did you filed a police complaint for a criminal investigation ???? You have to accuse someone for committing a crime, in this case someone stole your money or did commit fraud to obtain your money, not complaining that someone is not delivering what you payed for... Link to comment Share on other sites More sharing options...
Asiantravel Posted July 12, 2015 Share Posted July 12, 2015 Escrow is for the big players not developers as they use your money to start I dont know of any developers that use Escrow - none so if they dont offer it you can use it exactly! which is a sign of the developer being undercapitalised and therefore you shouldn't touch them with a barge pole Link to comment Share on other sites More sharing options...
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