Thread: Forestech Mango Investment

My wife was given some info about buying mango trees as an investment, and while I think it looks like a Ponzi scheme, she likes the look of it (and she's got the money)!

Does any one have any dealings with Forestech?

Totally agree with the above.

Crap and I never tasted anything as good as Thai Mangos, I would have bought a crap load:-)

Originally Posted by Smug Farang Bore

Totally agree with the above.

Originally Posted by JamesLaw

it looks like a Ponzi scheme

Boiler Room Mangos

I once invested in "Super Cows." Seems they sold the same cows to thousands of investors til the IRS got the tax returns together and started checking serial numbers of the cows.

Same goes for buying "Mango futures." Selling the same crop over and over to buyers with no idea what they are buying or control of the product verification.

Works good for a while, but in the end I think you'll regret the investment.

Originally Posted by VocalNeal

They want you to pre-buy their harvest. You don't own anything except the potential fruit on trees you have no knowledge of or input into care.

Sound bogus to me. If they are farmers then don't they simply wait for the harvest, then sell the fruit? I can understand wheat farmers pre-selling their harvest to the wheat pool but do ForestTech have a canning or juice plant.

Look at the management team. Business, property development, financial, and sales. Not a farmer or a fruit grower among them. Who will be looking after the trees?

I rember a few years ago the we're a lot of people promoting some kind on investment around bamboo farming, which I assumed to be a scam. Not the same chaps as this project?

Sounds like a scam to me. I find mangoes dirty cheap while in season and the season lasts for about 6 months. The in-season seems to change from different parts of the country so I just change with the maturing crop. After the 6 months I am a bit sick of eating mangoes and it is time to move on to another fruit like pineapple or poumallows.

this from complaints.com


Forestech Industires Co., LTD. - Forestech Thailand/ Pierre Maloney CEO

So Forestech is a rip off set up by reprobates to rob muppets of their hard earned??

Well I never

Originally Posted by taxexile

this from complaints.com


Forestech Industires Co., LTD. - Forestech Thailand/ Pierre Maloney CEO

Nothing like confirmation. good one.

So just to repeat for anyone googling FORESTECH possibly thinking about investing their life savings -

FORESTECH is a fraud.

^You don't think post thread originator James Law, was a promotion for this fraud do you Albert? He obviously couldn't give a rats ass about his post.

he's not much of a troll, Probably just shy or a shyster

Maybe it was Pure Baloney I mean Pierre Maloney?

^-^^ You guys, cynics all you lot.

i'm a brit what else would i be?

The opinion that Forestech is bogus is based on one persons web post!

You wonder why lawyers are paid such much. Due diligence or trust to the web, you choose.

^Trust you're "nose."

Hey,

Sorry I've not been reading your replies, I've been really busy in HK.

Thank you for all your comments, this Forestech business sounds well rotten. I will show it to my wife and hopefully she'll shut up about her future as a plantation owner.

I did a search on Pierre Maloney (as suggested) and found he used to be involved with a firm called Touchwood. They do almost the same thing but with bamboo and it just happens to be owned by his brother! Pierre Maloney also appears on numerous websites selling all sorts of "investments" in anywhere from Thailand to Australia.

Long live the power of the internet and helpful forum-people. Thanks again guys.

Jay.

That was a lucky escape: I was reading on Andrew Drummond's website that Pierre Maloney's brother, Roscoe Maloney is in a bit of trouble with his almost identical company; Touchwood . Touchwood have not paying their investors ad shutting down their Thai office.

I'm sure it will only be a matter of time before Forestech go the same way. Thank god the wife listened.

why not buy a few hundred Ostriches

or maybe seven little pigs?

make your fortune

the internet is a good thing but is also misused by so many scam artists

I came across this thread quite by accident but decided to look up this little scam they call Forestech. I was surprised to see that part of the Forestech team is none other than Dr. Mark Oza! Dr Mark Oza, or "Dr" Mark Oza as he should be known has to be one of the great BS agents of all time. He is a fake Ph.d who pretends to be from the US (he's Indian) and lives of the back of providing advice to companies who believe his credentials. I met him in a bar in Chiang Rai while he was very drunk and after telling me some nonsense about my hands and the stars he tried to sell me a water pipe. He assured me that he was a lecturer at Chiang Mai and was from Colorado and therefore his pipe was an excellent idea and me and the bar owner (?) would be rich. I moved tables and was warned by a woman that he tells these sort of stories to anyone and as far as she knows he is nothing more that a scam-artist. Now I don't know if Pierre "I'll sell anything" Maloney (I met him once too, but he is just too stupid to comment on) knows that Mark Oza is a fake or if he is in on the con. Forestech is quite the mango farm.

Originally Posted by VocalNeal

Look at the management team. Business, property development, financial, and sales. Not a farmer or a fruit grower among them. Who will be looking after the trees?

sounds like another British scam in Thailand trying to rip-off farangs and locals, SE Asia is full of them