Writer: Erika Fry Published: 16/08/2009 at 12:00 AM

Newspaper section: Spectrum

 

Lets take a peak at Australian fraudster , Lance Frederick Shaw. He likes the high life (would't you on free money), making money on investment internet scams, fine dining, dancing and having fun and indeed the typical high life things. His occupation is listed as a "lobbyist" but hes an out and out conman intent on stealing investors funds from foreign investors in Thailand & other countries. A group of Pattaya tourists and residents, claim this freewheeling 63-year-old is a "con man", "a criminal" and "Thailand's own Bernie Madoff". Well they should know if anyone as they invested in this frauster. It is also alleged that collectively they've lost several million dollars to him in what they now believe was a Ponzi scheme and we believe he had a good time and is a branded swindler but rest assured he will get his dues as was arrested coming back to Thailnd where he thought he would be safe????

WHO TO MAKE A REPORT TO ABOVE

But while Madoff swindled his billions through a decades-long financial investment operation that targeted the world's wealthiest citizens and was cloaked in an air of legitimacy, those who claim to have lost money from their association with Mr Shaw appear to have been taken in by a much less sophisticated scam. Known investors - who claim to be victims - are largely men from the UK and Australia, and include a Pattaya school teacher, an oil rigger and a number of business people and retirees in the Canary Islands. (We would like to hear from them to help them and there stories )? Between late 2005 and early 2007 - when Mr Shaw informed them their money was gone - they invested between US$10,000 and $250,000 (341,000 to 8.5 million baht) each in the scheme it was time to do a runner.

The investors say they have lost their homes, savings, wedding funds and dreams of an early retirement. One man who sold his home and invested the money with Mr Shaw is said to have become a suicidal alcoholic. Some have expressed emotions that range from embarrassed, to depressed, to very angry and wouldn't you be if someone like this prick took you for a ride. Another is on his trail and so are we?.

The alleged scam used an online gold investment vehicle known as Hiperfinance.com (High Performance Finance), which had an office on Pattaya Driving Range, 3rd Road. Investors were attracted to Hiperfinance by advertisements in the Pattaya Daily Mail as well as endorsements from one another (investors received a 5% commission on referrals).Not one single investor ever succeeded in accessing their account or collecting the money that was reflected on Hiperfinance balance sheets

He left Thailand on May 8 2008 or 9th, and the 10-year warrant for cheating and fraud charges has since been filed with the Immigration police. It is unclear why this was not done before but then this is Thailand. However the good news is this frauster who thought he could get away with anything decided to fly back to Thailand and was caught at the airport. He should have known the Police were now after him.

In an October, 1986, Sydney Morning Herald article, Mr Shaw is identified as a bankrupt proprietor of a petrol-supply company called the 200 Club, who was awaiting trial regarding 17 breaches of the Crimes Act related to cheating, defrauding and obtaining money by deception that he had allegedly committed as proprietor of the Rentamower Priority company.

Google also reveals that in 2000, Mr Shaw was bankrupt again, and along with five others, subject to an injunction by the Australian Securities and Investment Commission (Asic) for affiliation with Singapore Liason Priority, which ran a fraudulent and Ponzi-esque property scheme. Fifty investors in Queensland were cheated in the scheme, according to a press release by the Asic.

http://www.bangkokpost.com/news/investigation/22160/gold-fever-sinks-a-posse-of-investors

Shaw also faces charges in Spain filed by one of the Canary Island investors, who succeeded in having his bank account there frozen. Many call him "cocky", and say he won them over by showing them a Hiperfinance statement valuing his account at US$46 million a ploy even Madoff managed to do to his investors. Shaw told them he operated a company called MoneyPS (Money Problems Solved)--yes just another website thats bitten the dust, and invited them to a seminar in which he spoke about financial prudence and sold his book on the subject. It wasn't really his book but a copy of someone else's book------ well we don't have to be a PHD grad to learn what happened next!!!! This guy just started fleecing his would be investors and once he got enough he bolted. But this man will reappear and he will make a wrong move--you can't buy everyone Lance????. nor the Australian Federal Police http://www.afp.gov.au/business/national_police_checks.html

The FBI and Homeland Security have asked for emails that Lance Frederick Shaw sent to pretending to be a Police adviser in Thailand and supposed to be above the law http://www.fbi.gov/homepage.htm

The Advertisement or Con : The Investors Book of words & his false Programme: just a load of whoha!! yet some people got caught!!!!!!!!!

Posted by Fong Yoong Kheong on Dec 2007 the below is his scam (but Fong wasn't aware of Shaw's scam")::

*Find out how You can earn 3% interest on Your finances every month!

* Learn the best-kept secrets on Futures, Indices and Options Trading!

*Find out how you can Generate a FOUR FIGURE passive income within 2-3months, with just $40 !

"Money Problems Solved is a group of individuals like you and I, founded in Singapore in September 2007 upon a book of the same title that was written in 1992. MoneyPS members are interested in finance, property, and investments at the personal level, the family level, and also, the business level. Members are able to network and cross-sell their products and services through our meetings and soon, worldwide,through our upcoming web portal. Purchasers of the MoneyPS book automatically become members of the club. We also raise funds for charities including the Willing Hearts Foundation and Unicef through the sales of the book. Currently, we have over 7000 members, and 120 active members in Singapore of varying professions, experiences and backgrounds."

MoneyPS http://www.moneyps.com/ is founded by Lance Frederick Shaw but like most once they scoop the pool they bolt and the websites just turn into one pagers offering nothing like this guy's. Oh well cheap schemes of making $$$$ quickly aren't that safe after all and those who lost well we can only say its a lesson one will never forget. But lets find this prick??

Sooner or later these guys make mistakes and they will be caught. If you have any informtaion on this scam artist contact the Thai Police, US Embassy or our law office below & any further information please send to us.To those who are affected let us know. Complete discretion assured.

Lance Frederick Shaw is an Australian national who is a bankrupt, banned from promoting any financial schemes or should I say played the field then bolted. He is also the con man behind hiperfinance a now defunct website and this man stole thousands of U.K Sterling and $$$$, Beware of this man as any money invested with him you will not see it again!!!!!!!!!!!

The Criminal Mastermind of hiperfinance is Lance Frederick Shaw. Australian National. There were warrants for his arrest,and he went into hiding but is now caught as at September 2009 [ Shaws arrest ] [ Ian Silver Pattaya Investment story ] [ Pattaya Ocean 1 Tower ] [ Airport fraud story 2009 ] [ Airport scams & thefts ] [ Condo scam Craig Rhodes ]

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