I am a small business owner in the UK and was recently looking for investors. I was contacted by someone posing who said he was Santi Bhirmobakadi and was interested in investing. I did some research around who Santi Bhrimobakadi was and it seemed a genuine enough proposal. What’s really annoying is that had I just added the word SCAM infront of his name I would have found this thread.
We exchanged emails over 3 months and even spoke on the phone. He seemed to know all about Santi and his investment moves as I asked him a number of drilling questions as to why he wanted to invest. All his emails were very proffesionally written. For example:
“As you already know I also want the right of first refusal should there be need for more investors or funds in future during the contract. Again, we can leave a window open in the contract where after a few years or at the end of contract we may discuss the option of diluting the debt finance investment into full equity on mutual terms to be agreed by both parties. We have since established our willingness and capacity to go the long term but choose the preference of a gradual approach towards this goal. Funds transfer shall be in tranches with the first being £200,000 GBP and we can work out formula for disbursement of the remainder after our first board meeting to complete to the £350,000 initial investment requirement, with a phased approach setting milestone targets until full disbursement.
My participation means both in capital, management experience and industry contacts, rest assured that these will be made available to ensure we succeed in this partnership, widely promoting the project to the market and improve expected yield. And my intention is for a long term relationship as I have always been looking for a suitable low-cost but high yield opportunity and this is quite adequate to my expectations, which hopefully with our strong ethics and dedication to work we can actualize our mutual goals in partnership. Moving along to achieve the target of establishing international network opportunity with the venture, here I see a major opportunity that will be highly rewarding.
On your acceptance, we will enter into an agreement as guidance for our relationship and roles, of which you providing your banking coordinates where the investment portfolio will be transferred into. Your local bank’s contact details will also be required so my bank can open up communication with your bankers to ensure a smooth operation and do their own verification, while I will present you with proof of funds from my bank to proceed, with your full cooperation we can close in 21-30days given as timeline.
If you accept the listed terms in the sheet, then I expect to receive your confirmation to proceed to the next steps for us to sign the MOU agreement/contract which involves the paperwork both on the foreign and Thai compliance sides and then disbursement as earlier explained. You have also been informed about the Thai registration requirement as well as our setting up of the holding company. On my part I’m willing and committed to ensure within the 21-30days given as timeline as soon as we have cleared the partnership structure and paperwork end to transfer the investment sum and look forward to your full cooperation to achieve this target.
My schedule is very busy this period but I have already discussed with my team for arrangements to visit by early May to witness business process operations on ground. In return I can host you at our resort if you play golf, sure you will enjoy the exquisite environment ambiance and additional features we have made available for a pleasing experience to our guests. I look forward to a long term business partnership where we can as well explore other rewarding opportunities together.
My own personal team of experts will be available to guide you, don’t hesitate to contact me should you need any clarification. Please review this with your books, let me know your comments and we may hold another conference to analyze all the details together on Wednesday-Thursday when I should be available. I hope to hear from you soon. Thanks”
After more email exchanges he asked me to pay a registration fee of $3185 USD to register with the Thai Government. He had access to Thai government papers. He then went on to say there was a problem and further funds would need to be paid and that his assistant would now be dealing with it as he was ill. This is when the alarm bells started to ring and I realised it was a scam. His assistance name was Ooi Thanprayong
I have now learnt this was a dirty scam an he was actually someone pretending to be Santi Bhirombakadi.
The details this man gave me were:
BENEFICIARY NAME:KARNJANA KUMKOT
ADDRESS: 3132 LADPRAORD KLONGJAN,
BANGKAPI, THAILAND 10240
BANK NAME: KASIKORNBANK PUBLIC COMPANY LIMITED.
ADDRESS: 1 Soi RatBurana 27/1, Rat Burana Road, Khwaeng Rat Burana, Khet Rat Burana, Bangkok10140,
THAILAND. SWIFT CODE: KASITHBK
He is pretending to be Sant Bhirmobakadi which is even more worrying as he is a reputable business man which this guy is ruining his name here in the UK
My bank can’t do much as it was me that authorised the payment but I do feel really stupid and annoyed with myself. I wish there was a way of ensuring that such scams caught be found more easily on the Internet as that’s the first place everyone goes to check things out. I hope this helps is preventing further such scams of innocent, honest and hardworking people who are trying to make their business ideas a success