Jump to content

News Forum - Once bitten… English financial advisor who took chunk out of Thai investors


Thaiger
 Share

Recommended Posts

Foreign financial “advisors” have been defrauding the country’s ex-pats for decades. Does see the arrest of Briton Mark Kirkham mean that Thai economic police are finally catching up with them? Probably not, and why would you expect them to? Kirkham, according to financial blogger Andrew Drummond, looked every inch the upstanding member of the community on his arrest at a Bangkok airport. Unfortunately, this is the same Mark Kirkham who is accused of ripping off clients to the tune of 40 million baht, more or less a million bucks. Kirkham and his company, which included Andrew Wood, former financial columnist […]

The story Once bitten… English financial advisor who took chunk out of Thai investors as seen on Thaiger News.

Read the full story

Link to comment
Share on other sites

People can be dumb or greedy. T rying to make a big gains on their investments when common sense tells them it's too good to be true but they still go ahead and hand over their savings. 

Sorry I find it hard to have any sympathy  for some people . 

Link to comment
Share on other sites

I may look to be a financial advisor to expats and Thais down the road and unfortunately this stuff will be a massive hurdle 

 

My idea is more akin to being a "fund of funds" in a way

 

I've worked in the financial industry Ada a trader for decades

 

But what I would want to do is advise people to put their money with 4 or 4 different advisors and hedge funds I know

Investments that can suit them.

 

But as I said, with so many scams, it may be a tough sell

 

 

Fortunately I won't need the money to live on and it is something I'd enjoy doing, so if it worked great

If it didn't it wouldn't be the end of the world 

Link to comment
Share on other sites

Interesting. But what did he do wrong? Operating a company without a license? You go to jail for that?

Allegedly he is also accused of defrauding Thai of 40m baht. Defrauding? Or simply investments that went wrong? And being accused of something is a reason to go to jail?

I'm interested to read some more facts. Now it's just gossip. Not news.

Link to comment
Share on other sites

59 minutes ago, Janneman said:

But what did he do wrong? Operating a company without a license? You go to jail for that?

He is in jail because he is still under investigation and was refused bail. The RTP want to isolate him while they publish the story to raise awareness in the hope more evidence and more victims will come to light. It seems as if he took at least 40 million baht from people, didn’t invest it - call that theft or fraud - and hasn’t returned any dividends or any of the investment money. It appears as if he simply stole it. 

Link to comment
Share on other sites

If it is a Ponzi scheme then he deserves punishment. But there is literally nothing about what he did wrong in the article. Phrasing such as 'allegedly' 'it seems'  'it appears' dont mean much.

Without facts it sounds like gossip, not news.

Link to comment
Share on other sites

Question is, this scammer obviously knew that Thai police would be looking for him, so why did he come back to Thailand ? Did he want to get arrested, and why ?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Join Thaiger Talk Today!

    Sign up in 30 seconds and join the discussion on everything Thailand!

  • Latest Posts

    1. 11

      News Forum - RTP unveils strict checkpoint measures, officers must wear bodycam at all times

    2. 51

      What are Health Services like in your country?

    3. 6

      News Forum - Owning pets for Thai people found to be increasingly popular

    4. 6

      News Forum - Owning pets for Thai people found to be increasingly popular

    5. 11

      News Forum - RTP unveils strict checkpoint measures, officers must wear bodycam at all times

  • New Topics

  • Popular Now

  • Tell a friend

    Love Thaiger Talk? Tell a friend!
×
×
  • Create New...

Important Information

By posting on Thaiger Talk you agree to the Terms of Use