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STOCK & SHARE SCAM  UNCOVERED:

Thailand's credibility as a safe place to invest in stocks and shares

is in limbo after the latest 2006-7 stock scam by

a broker who embezzled money using fraudulent transactions yet the

Police will not act!!!!!!! What does this tell you!

PLEASE TAKE NOTE: DO NOT GIVE MONEY TO THAI BROKERS AND TRANSACT ALL MONIES AT THE COMPANY HEADQUARTERS.  A LARGE STOCK SCAM HAPPENED IN 2006-7  BETWEEN Siam Commercial Bank Securities (SCBS) and its services from a marketing executive/broker of the company, Mrs Wanavadee Sripurd WHO EMBEZZLED CLIENTS MONIES. This story has not ended & if you have similar stories please send to us.

Story link below.

Led by the Securities & Exchange Commission, Anti Laundering Office, Immigration & Labour Officials, Thai Police together with Australia authorities & the FBI uncovered one of the largest stock scams in Bangkok arresting 85 foreign illegal workers. ( Most were deported ). This fraud netted  estimated at $A300m or 6.9 billion baht & defrauded over 100+ foreigners. 27th July Bangkok Post 2001.

23rd September 7 people are charged with operating a business in Thailand without a license.  Scott Campbell Fisher (Australian), Paul Mary Hickey & John Martin (Ireland); Steven Couper, Jason Garickrish, Adrian Robert Jauring & Maurey Donald Joseph from England. They are charged violating Article 4, 90 & 285 of the Securities Law, article 4,8, & 37 of the Foreign Business Law & Articles 83 & 91 of the Criminal Code. Court is set for Oct 25th for witnesses.

DON'T YOU GET CAUGHT OUT. Below are unlicensed share traders, so we are publishing their names. They have all  made unsolicited calls to Australians & others and who do not hold a current licence with the [ ASIC in Australia .]  (Australian Securities Investment Commission).

When the ASIC hear of a new name the ASIC check whether they are licensed  . Without an Australian licence, they operate unlawfully. Warning to all Thailand and Asian investors, please check to see if they are licensed on the ASIC professional registers, and if not, hang up. 
Please email details to the ASIC Infoline at infoline@asic.gov.au  

In Thailand the 21 unlicensed firms are as follows:

The SEC lists the approved licensed security companies on their website: www.sec.co.th  if you have doubts on any companies in Thailand ring the SEC secretary general on (00-66)02-256-7708. Criminal complaints have been filed against: capital Advisory Corp & Antella Investment Inc. 85 foreigners were arrested from the Brinton Group & Benson Dupont Group 

Please note this list below was updated  3rd Feb 2003. Please go to the ASIC website for updated information on companies you have been approached by.

Some of the following companies have used a name which is similar to the name of a better known and more reputable organization, or falsely claim to be associated with such an organization. If you think the company name, or the associated name sounds familiar, you should make further enquiries to make sure that you are actually dealing with a reputable company, not a disreputable one. What if the name of a company that has contacted you is not on our list? as at February 2003

Police can't charge US 'scammers'  Published on Jan 19, 2002 

The Economic Crime Investigation Division cannot press charges against executives of Global Option Trading Co, a company suspected of operating an illegal foreign-exchange business, because no damaged parties have filed complaints with police. No complaints of fraud have been filed against the company by Thai or
foreign investors, Colonel Chanachai Limprasert, chief of the economic crime unit, said yesterday. Even if police moved against the company, Chanachai said, prosecutors would not because there are no complaints from damaged parties. "Foreign investors only complained to their embassies in Thailand.
They do not want to file complaints with police because of the time and cost of flying here,'' he said.Police on Thursday raided the company's offices in the Ori Flame Building on Asoke Road. Two Americans, including company president Garry McMullan, were detained and about 50 Thai staff questioned.

On Sat, 02 Mar 2002 23:57:04 GMT, in soc.culture.thai CRIME Two CAUGHT for murder of NZ trader Operating illegal currency business by Wassayos Ngamkam Bangkok Post 3. March 2002. A fatal shooting of a New Zealander whose currency trading business was found to be illegal. Ian John Travis, 46, was shot dead on Friday night as he was pulling out of the driveway of his Sukhumvit Soi 24 home in his BMW.Police said the assailants were two men aged 35-40 who fled the scene in a Honda Accord were caught and confessed that this was a hit from a partner who boarded a flight for the USA with his Thai wife. Pol Maj-Gen Jongrak said Mr Travis had conducted forex business in the country for more than 15 years and was the owner of Platinum Asia Co, which he opened a month before his death. The firm acts as broker for clients in Australia, New Zealand, and Europe. He had been general manager of Global Option Trading but broke away to set up Platinum Asia after a conflict with a business partner. Police believe the killing was motivated by a business dispute. Gunmen were hired who confessed. Ketchakat Nilpradab, of Thong Lo police, said Platinum Asia employed 100 staff and an initial search by police and the Finance Ministry confirmed the business broke securities laws. Pol Lt-Col Ketchakat said Platinum Asia was ordered closed. Police are now looking into the business partnership between Mr Travis and his American former business associate from Global Option, who skipped the country 10 days ago with his Thai girlfriend. Investigators suspected the associate  linked to the killing. This is a reminder that these people are set upon ripping off innocent people then use these tactics on each other. Source: http://www.bangkokpost.com  { A case of greed by conmen who turned on each other - the mastermind was his American partner].   

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