Bank Staffer Arrested After Stealing 10s of Millions of Baht From Pattaya Expats

[cdnmatt]

https://forum.thaivisa.com/topic/1204446-bank-staffer-arrested-after-siphoning-tens-of-millions-of-baht-from-pattaya-expats/?utm_source=newsletter-20210203-0538&utm_medium=email&utm_campaign=news

So which one of you got your money stolen? Anyone here?

[goji]

A fool and his money are soon parted.

When offered any investment, particularly by a bank or financial advisor, it's prudent to check it out thoroughly. Or better still, simply assume it's poor value and go find your own investment.

Secondly, who wouldn't have alarm bells ringing if offered an interest rate of 3.5% a month ?

[cdnmatt]

Secondly, who wouldn't have alarm bells ringing if offered an interest rate of 3.5% a month ?

I'm assuming the same type of people that contact me out of the blue every once in a while saying they'll pay me $500 if I can make a crypto trading bot for them that automatically generates minimum of $10k/day, and they'll only pay after they see the results.

Or the people who offer me a few thousand to develop a bot that generates 0.5 BTC (~$18k USD) per-day automatically via mining with just their laptop.

There's some really smart ones out there...

[goji]

Time to get an e-mail provider with a better spam filter ?

[Dodger]

The name and location of the Bank is provided here:

https://thethaiger.com/news/pattaya/hundreds-of-investors-caught-in-massive-kasikorn-bank-branch-fraud-in-pattaya

[cdnmatt]

May I ask, are you the Thaiger? Or are the names just a coincidence?

[StevieWonders]

Secondly, who wouldn't have alarm bells ringing if offered an interest rate of 3.5% a month ?
It’s exactly the same as this GameStop craze - people thinking there’s some secret cabal of insiders who make fabulous profits every day and they can too if only they can be let in on the secret

[Nirish guy]

Except the first part there’s no doubt about - they’re called Wall Street and Hedge Funds, not even a secret !

[StevieWonders]

Dirty little secrets about the latest stock trading craze -
https://slate.com/technology/2021/02/robinhood-gamestop-stock-business-model.html

[Nirish guy]

And even that’s just the tip of the iceberg as Robinhoods back room hedge fund clients also pay them handsomely for all their live feed of purchase / sales data to ensure their algorithms are the required millisecond ahead in any surge in trades of either buying or selling that they need to they can react to stave that off and ensure their profits either way and THAT is the REAL reason that Robinhood offer their “free” / low cost trading platform to the masses !