Thread: Need advice about fraud

would of thought you would need to go to Bali and sue.

Originally Posted by Phuketrichard

"I hate to advocate drugs

may be your best option for a while.

that old saying,,, don't gamble more than you can afford to lose.

a lot of what's written is not worth the paper its written on.

[QUOTE="Phuketrichard"] confirmed in writing by his son.

are you trusting what he says also ? he'll be the inside man reporting back on developments. me thinks.

Originally Posted by Phuketrichard

I invested with a friend ( well i thought he was a friend)

One of the golden rule of business is "No friends in business. No business with friends"

Originally Posted by Phuketrichard

What can i do?

Contact a lawyer ... and check previous rule, a real professional, not a friend who studied law for one semester when he was younger

yea, his son is disgusted about his dad ( the lies he told) an what he has become an the people the has burned, seems he fucked some old time friends from Australia as well

I didn't gamble more than i could write off so am not hurting, Much of the investment was from when i sold gold in 2012 i had brought in 2007

I am a true believer in Karma and what goes around comes around.... :-)

Seems a lot of people don't really understand the concept of Karma. What you get in this lifetime was decided on actions in previous lifetimes.
What you do in this lifetime affects the next lifetimes. Thus, it really is impossible to see karma at work.
What it isn't, is some cosmic mechanism for justice that acts over a single lifetime.

This can be shown to be true as innocent babies die blamelessly and Mafia dons die in their beds at a ripe old age after doing unspeakable acts of evil.

Personally, I think it is all a big steaming pile of crap.

To the OP.
If you want to throw good money after bad, then hire a lawyer.

Karma is a concept with no evidence that it works or even exists, but it's a convenient crutch for those justifying their preference not to do anything about a situation.

Some idiots waved the 'karma' flag when Idi Amin died, after a long, healthy and happy asylum.

It's not that bloke that is already locked up on Phuket awaiting trial is it? Stoney Monday or summat?

Unless you're up for physically finding the guy and (most likely) violently getting your money back - forget it.

If you chase the guy legally you'll end up even more bitter and broke.

Sorry for your loss.

First, you need to find out if there are any assets left, and where those assets lay.
That's going to cost you. If the money has all gone on hooker an' coke, you might be better off leaving it there.
You need to find out if you have recourse to criminal or civil law, or both.
Then you need to sort out jurisdiction and attempt to have any action done in the jurisdiction where the most assets lay.
There is scope to go after foreign assets in some cases.

You're best bet is to meet and discuss a joint case with all the shareholders. Ths will at least share the burden of discovery.

Good luck.

Originally Posted by Phuketrichard

I invested with a friend ( well i thought he was a friend) in a resort in Bali.
Contracts were signed here in Thailand an i have communications ( emails and his fraudulent yearly earning reports) between him and me that were out and out lies. These are confirmed in writing by his son and also another shareholder who he also lied to.

What can i do? sue him here in Thailand or..

first, how much was involved, if less than 10,000 USD, then forget about it, not worth it to pursue, just another lesson in life

One of my client defaulted on his payments for 130,000 EUR, and my lawyer told me it will cost me about 50,000 EUR to recover and will probably take 5 years to get back, if I am lucky.

I had to walk away from it, and move on

another friend, had a contract with a big company, they defaulted on some 80,000 EUR payments, the courts gave him 40,000 EUR and it cost him 20,000 EUR to recover and 2 years of his life. Sometimes it's best to walk away from it. Even the big company with a solid contract will not fulfill their obligations for small payments and will get away with it.

Originally Posted by Butterfly

Originally Posted by Phuketrichard

I invested with a friend ( well i thought he was a friend) in a resort in Bali.
Contracts were signed here in Thailand an i have communications ( emails and his fraudulent yearly earning reports) between him and me that were out and out lies. These are confirmed in writing by his son and also another shareholder who he also lied to.

What can i do? sue him here in Thailand or..

first, how much was involved, if less than 10,000 USD, then forget about it, not worth it to pursue, just another lesson in life

One of my client defaulted on his payments for 130,000 EUR, and my lawyer told me it will cost me about 50,000 EUR to recover and will probably take 5 years to get back, if I am lucky.

I had to walk away from it, and move on

another friend, had a contract with a big company, they defaulted on some 80,000 EUR payments, the courts gave him 40,000 EUR and it cost him 20,000 EUR to recover and 2 years of his life. Sometimes it's best to walk away from it. Even the big company with a solid contract will not fulfill their obligations for small payments and will get away with it.

hear him OP....old story...you get the ulcers..lawyers get the cash..move on.

Wonder what ever happened to the teacher who was gonna sue the Thai school system?

Originally Posted by Perota

For such an amount, first you get a legal paper showing you are owed this money then you hire a company specialized in recovering unpaid bill.

you need a court order for that, and hiring thugs against a corporation doesn't work, maybe for English teachers it does, but not for corporations

130,000 EUR is a small amount for professionals in my business in these days and age,

Originally Posted by crepitas

hear him OP....old story...you get the ulcers..lawyers get the cash..move on.

that's basically what my lawyer told me, it's a waste of time, and the other party knows it, that's why they can get away with it

Originally Posted by Butterfly

you need a court order for that, and hiring thugs against a corporation doesn't work, maybe for English teachers it does, but not for corporations 130,000 EUR is a small amount for professionals in my business in these days and age,

Perota is no TEFLer mate. You are barking up the wrong tree. He lives the life you are dreaming of.

another case I was told recently, some big corp in Europe defaulted on 2m EUR in services for their Thai partners, despite paying that same amount over 10 years without problems. The Thai partners walked away from that 2m EUR because it was a nightmare to recover.

part of business life, if you can't walk way from a large amount of money, then stay away from risk and the business life

Originally Posted by aging one

He lives the life you are dreaming of.

and what would that be ?

I understand from her past posts that she was a TEFLER,

Originally Posted by Phuketrichard

I invested with a friend ( well i thought he was a friend) in a resort in Bali.

you didn't say how much it was ?

She is a he, and has just moved here after a long corporate stint in Hong Kong with the perks. Semi retired as well. A poster I really enjoyed meeting.

Doesn't cost much to get a guy roughed up in Indonesia, lots of retired air force etc. types.

If you want some closure?

its $15,000 grand and
Yes
its Rell from Stony Monday who relocated to Bali and set up there.

Now sitting it out in Phuket jail guest of the thai government.


Yes i know, i should have know better but did so much research and such and truly believed him. First time i have been took out of 32 years in Asia so guess it can happen to anyone.

Originally Posted by Phuketrichard

Now sitting it out in Phuket jail guest of the thai government.

Not usually a gossip but that sounds like a good story.

Originally Posted by Phuketrichard

its $15,000 grand and
Yes
its Rell from Stony Monday who relocated to Bali and set up there.

Now sitting it out in Phuket jail guest of the thai government.


Yes i know, i should have know better but did so much research and such and truly believed him. First time i have been took out of 32 years in Asia so guess it can happen to anyone.

Why do not you just go visit him in the nick - nothing better than a face to face when your suspect is locked up!
You may not get the cash but at least you be better informed to exercise your options.