boiler rooms

Once again dirty money has been laundered through HSBC Hong Kong, and once again the perpetrators are British boiler room scammers based in southeast Asia. A European victims’ group has filed complaints to HSBC’s headquarters in London and Hong Kong accusing the ‘pirate bank’ yet again of money laundering for organised crime through its southeast […]

The sentencing of Briton Toby James Nelhams to eight months in jail yesterday in Phnom Penh for running an illegal online company in Cambodia – a boiler room fraud operation – came as something of a disappointment. Nelhams This is not because of the length of sentence. Nobody expected the Cambodian authorities to know what […]

OH, AND LEONARDO DI CAPRIO – THE THAI BOILER ROOM BOYS PIN-UP –  IS NOW ROOTING FOR SPURS My, oh my. Leonardo di Caprio seems to be a popular figure down in Pattaya – at least the image of him playing Jordan Belfort in ‘Wolf of Wall Street’ is. First up cropped Leo on the […]

A Briton gunned down in Pattaya early today had a picture on his Facebook page meeting the King of Thailand. If the picture is genuine it begs the question why. And if it is not it could also answer the question of why he was murdered. But what is certain is that Tony Kenway, 39, […]

ACCOUNT ON FINANCIAL SCAMMERS IN PHNOM PENH INFURIATES AS EXPATS IN RANGOON ARE NOW TARGETTED. ‘Cornettos, very young schoolgirls, a secret pad – and a journo’ Independent financial advisers, feeling the heat in Bangkok, have been stepping up their efforts to find customers in Myanmar paying flying visits to offer unbeatable deals to expats wondering […]

OUTED BY A BOILER ROOM MINION A boiler room boss known in Thailand as ‘Paki Pete’, who has taken down customers for millions of dollars in share fraud has been exposed as an Indian businessman with links to Crime Suppression Division Police. Variously known Pete the Indian, Paki Pete, or Sri Lankan Pete or Tony […]

BUT IF YOU’VE LOST YOUR LIFE SAVINGS THIS MAY NOT CONSOLE YOU. Wood The personal financial guru of the Bangkok Post has been indicted by the Thai Securities Exchange Commission along with eight other ‘financial advisors’  for operating securities businesses without licences. Andrew Wood, who was afforded a regular financial column in the Bangkok Post’s […]

BOILER ROOMS CURRENTLY TOUTING FOR ‘INVESTORS’ IN ALZHEIMERS CURE Asia’s infamous boiler rooms have begun offering ‘not to be missed’ shares in a pharmaceuticals firm developing a new drug to combat Alzheimer’s disease. If anybody wants to buy shares in Acadia Pharmaceuticals do not buy through a telephone cold caller- and especially one reading a […]

BEHIND THE WATER PIPES MEN’S TOILET – THE ‘CLASSROOM’ – PATTAYA Following the last story it is quite clear that some people are not very discreet in taking care of their secrets – and when it comes to foreigners working illegally in Thailand  – as boiler room share scammers – these mistakes can be costly. […]

 BANGKOK BOILER ROOM KING WORTH US$150 MILLION A story in the South China Morning Post yesterday may give a further clue to readers why I am not in Thailand today, or specifically where the threats come from. From an initial investigation by Drummondfor ‘The Times’ Written by colleague Benjamin Robertson a journalist colleague and financial writer […]