Athavudhi Hirunburana

Investor Fraud

This guy is masquerading as a Thai businessman. He offered us $7M w/o out performing any due diligence. That was the first red flag. Then he sent a term sheet asking for very little equity..second red flag. Then the term sheet said we need to file as a foreign business in Thailand and pay an attorney he recommends to do it. Well a little research showed we do not need to file in Thailand. And the only reason we would is if we wanted to do business in country. So, third red flag.

Is Athavudhi Hirunburana a scam?
Athavudhi Hirunburana is a scam and a bad service provider as per the report filed on dirtyscam.com. They are not aggressive towards their customer satisfaction and complaint grievance.
Is Athavudhi Hirunburana legit?
First Athavudhi Hirunburana is not a legit business owner or provider. You must take necessary precautions/measures before buying or using their services.
How many reviews are submitted by Athavudhi Hirunburana’s consumers?
There is/are 13 review(s) posted about Athavudhi Hirunburana and it indicates that the severity of the scam is High.
Where is Athavudhi Hirunburana located?
Athavudhi Hirunburana is located at 494 Phloen Chit Rd, Khwaeng Lumphini, Khet Pathum Wan, Krung Thep Maha Nakhon 10330, Thailand. You can contact Athavudhi Hirunburana by dialing N/A or visit their website N/A before filing a lawsuit. We are no way affiliated with better business bureau or yelp reviews platform.
How much monetary loss is incurred by Athavudhi Hirunburana’s customers?
According to the report(s), US N/A was the total loss incurred by Athavudhi Hirunburana’s customers.

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13 Reviews on Athavudhi Hirunburana

  1. Similar experience with a different Thai businessman

    Same thing happened to me with the following two people:

    https://dirtyscam.com/reviews/prasert-bunsumpun/
    https://dirtyscam.com/reviews/santi-bhirombhakti-santiburi-group/

    Fake investors, fake everything. Beware of these folks.

  2. [email protected]

    Thank you so much Dirty Scam website and reviewers. I was getting excited after several months of seeking funds for a start up I finally received some interest. I was slowly getting lured in and was about to send director passports to him until I decided to do one last google check and found these reviews. I could have been the victim of identify fraud. Never provide information to anyone who does not want to do a Skype, zoom or meet in person. I asked and he said he was 74yo and likes to do business the old fashion way by way of telephone calls. Thanks a million reviewers. A tremendous amount of time has been saved.

  3. [email protected] Santi Bhirombhakdi, Santiburi Group

    Big RED FLAG. He was willing to lend money with Skype, zoom or face to face meeting. Time waster. For all you young start up entrepreneurs out there, don’t get tricked. this guy is beliveable but could steal your id with the info he wants.

    Dear Scott,

    It was a most interesting and pleasant conversation with you when we spoke earlier, sharing experiences and business outlook. Following our conversation the other day, rest assured we are highly interest in this partnership and my team are on track with the evaluation. I see a good linkage with your experience of the market and my experience & contacts in the business world as well, so I see a huge opportunity in this where our different goals can align to push this venture to become a huge success beyond expectations.

    And I am glad to receive your confirmation to agree to my investment model and procedure with the general terms sheet I sent to you. As discussed my investment advisory consultants will prepare an official offer letter with T&C to be presented to you when they complete evaluation. We are also considering a partnered marketing campaign with us using your platform and you also using our own platforms for brand exposure and advert, a win-win arrangement. This as we see is a high risk investment with not really much to offer in assets and security, hence we are proposing it will be heavily insured and covered under Thai foreign finance principles. Like I told you earlier we will lock down a fixed interest and I wish to also hold right of first refusal on any next round fundraising or sell of shares should the venture require additional funding or investors in the future.

    Anyway I wish to explain in more details my investment model and requirements expected.

    As a businessman myself I have a duty to protect my own funds investment as well. We proposed a model in such a way that is fluid, a hybrid between equity investment and debt finance but reducing the risks by pegging the repayments with a fixed interest rate. The project owners will still own the business and bulk share of the profits while my earnings will be limited to the fixed sum to be paid after the grace period that will allow for the stability of the business before making withdrawals, and also holding equity as security a few benefits here and there as well. Again like I said earlier I do not enjoy owning a large chunk of the business given my experience that most times it often reduces the productivity of the project owners (apologies for earlier using project promoters) leaving you with a low performing business below expected turnover.

    I do full disclosure, Thai honorable standard practice to always be transparent to let you know what to expect, no surprises and hope you do me the same honor. The steps to be involved in the funding procedure are evaluation, approval and disbursements. The evaluation is the review of your project information with my investment advisory consultants before I can present you with an offer on my decision. However there is no sufficient information shared on the company’s full scenario as presently constituted nor capacity to manage the funds. And for this I will need to see more of the financials and revenue information on present outlook as well as your assets and especially liabilities estimates and financial statement. Please also update me again on the current debt profile and if you have any. Let me see copies of your present company incorporation or operating license and other necessary certifications.

    The approvals involves the necessary paperwork and the Thai foreign business project registration procedure I mentioned in my terms sheet, we shall provide strong references to ensure you are guided properly through the process. And after that will be the bank transfers of the investment funds, which is the disbursements. I cannot at this time ascertain how long the entire process will take as it will depend on the availability of the consultants that make up my investment advisory team and myself I travel a lot as well trying to manage my business responsibilities but I am looking at a timeline of about 14-21days to close. Transfers of the investment funds shall be through bank to bank transfers involving no 3rd party.

    Hence I expect to receive the following documents from you as soon as possible.
    -Full Name of Proposed Business Project
    -Name of Principle Project Company
    -Address of Principle Project Company
    -Full Names of Project Principals or Signatories
    -A copy of the brand trade or commercial registration papers
    -A copy of photo ID card
    -Proof of address i.e A copy of your housing registration record or utility bills receipt
    – If any is required – Copy of the practice certificate of the general partners required in the industry as well as other professional certification if any is required in the industry.

    These in addition to the information you have provided in your proposal are important to help us with our decision. We will run our verification and assessments and if everything checks out I will present you with an offer on my decision to consolidate an investment funding partnership then we can proceed to signing MOU/agreement to initiate our partnership and execute the other aspects of our negotiations – branding and marketing as well through my business networks.

    While I will expect your comments to continue our discussions, meanwhile you should be patient with us allow us some time to conclude our evaluation and I will return to you with our decision. Please do not hesitate to contact me if you need any further clarification, through email or phone in conference 00-66-2026-9013. Thanks

    Regards,


    Santi Bhirombhakdi,
    Santiburi Group

  4. he is scamer, fake investors

    He used email address:[email protected] This is email he wrote:

    Thanks for responding. I wish to hear more about the what you are offering if you will share more information about the investment opportunity needs and about security for the sum. So I can understand clearly what you are proposing or offering to investors, a project executive summary or business plan would be particularly helpful. If you so choose you may send your standard NDA as well for signing so we may be free to share information both ways. Let us go through the pitch deck first to be well informed before scheduling a conference call if further interested.

    Although I am based in Bangkok-Thailand I was browsing the internet where I saw your post it got my interest and here we are. My business reputation I believe is public knowledge in Thailand and regions, I also have some major investments in Europe and UK. Even though my major interests lie in real estate/hospitality, energy, manufacturing, fashion retail, beverages and construction, myself have been in support of a good number of startup and tech companies over the years contributing finance, deep industry experience and contacts. This is the reason I have set up the Santiburi Group Holdings as holding company to manage these investments, while I also head our family owned group of companies Singha Corp.

    I am interested to explore how to participate but would need as much information as possible to inform me on the workings of the industry. Please share more information I am open to discussions to see if we can work something out.

    Regards,


    Santi Bhirombhakdi,
    Santiburi Group

  5. Fake investors

    Be careful! He is a scramer!
    We were in touch with an individual who called himself Santi Bhirombhakdi too, use email [email protected].

    Wrote me a long email as:
    Thanks for responding. I wish to hear more about the what you are offering if you will share more information about the investment opportunity needs and about security for the sum. So I can understand clearly what you are proposing or offering to investors, a project executive summary or business plan would be particularly helpful. If you so choose you may send your standard NDA as well for signing so we may be free to share information both ways. Let us go through the pitch deck first to be well informed before scheduling a conference call if further interested.

    Although I am based in Bangkok-Thailand I was browsing the internet where I saw your post it got my interest and here we are. My business reputation I believe is public knowledge in Thailand and regions, I also have some major investments in Europe and UK. Even though my major interests lie in real estate/hospitality, energy, manufacturing, fashion retail, beverages and construction, myself have been in support of a good number of startup and tech companies over the years contributing finance, deep industry experience and contacts. This is the reason I have set up the Santiburi Group Holdings as holding company to manage these investments, while I also head our family owned group of companies Singha Corp.

    I am interested to explore how to participate but would need as much information as possible to inform me on the workings of the industry. Please share more information I am open to discussions to see if we can work something out.“

Reviews:13
Reported Loss :0 $
Severity of Scam :High
Reported by : Anonymous
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