Ponzi scheme currently promoted in Cambodia

This is where our community discusses almost anything! While we're mainly a Cambodia expat discussion forum and talk about expat life here, we debate about almost everything. Even if you're a tourist passing through Southeast Asia and want to connect with expatriates living and working in Cambodia, this is the first section of our site that you should check out. Our members start their own discussions or post links to other blogs and/or news articles they find interesting and want to chat about. So join in the fun and start new topics, or feel free to comment on anything our community members have already started! We also have some Khmer members here as well, but English is the main language used on CEO. You're welcome to have a look around, and if you decide you want to participate, you can become a part our international expat community by signing up for a free account.
User avatar
Jerry Atrick
Expatriate
Posts: 5408
Joined: Sat May 17, 2014 4:19 pm
Reputation: 3037
Central African Republic

Re: Ponzi scheme currently promoted in Cambodia

Post by Jerry Atrick »

Josh_76 wrote: Fri Dec 09, 2022 12:52 pm
Robins wrote: Tue Dec 06, 2022 4:54 pm Is this being run by Cambodians or ex-pats? From what I have read during 17 years in Thailand, the worst scams here in SE Asia are usually ex-pat on ex-pat. An annuity is only as good as the seller or in this case fiduciary.
"...It's a local on local scam. ..."

Although, tentacles were already aimed my way by the same guy we'd already told he'll never see his $20K again 🤦‍♂️. I guess, people will do anything if there's enough fear or incentive.
Why not share the name then?

This thread is about as useful as saying that if you play Tong Tin you can lose your money
User avatar
Josh_76
Expatriate
Posts: 189
Joined: Thu Oct 23, 2014 8:14 pm
Reputation: 50
Location: SE Cambodia
Germany

Re: Ponzi scheme currently promoted in Cambodia

Post by Josh_76 »

Kammekor wrote: Tue Dec 06, 2022 7:33 pm
Josh_76 wrote: Tue Dec 06, 2022 12:22 pm You give them $20k, they pay you $600 (!) a month. Can't get your money back for several years.

Don't know any further details, including the lie how they will generate 36% interest to an unlimited amount of people.

Insanity but some will fall for this, especially in tight knit groups like the Christian converts, who will then believe God will protect their investment (I have one such guy in my real estate investment team 🙄). In such a small country they'll soon run out of fresh suckers who have $20k available to invest.
If you can't name the scheme, or the organization, it's a bit of a fizzle IMHO.

Here you go:

https://maps.app.goo.gl/Z9No1Q7V8gyK4Z5q6

The images under their Google entry show you their name. They also sell land in Kampong Speu province, I think.

There's also a fb page.
User avatar
Kammekor
Expatriate
Posts: 6375
Joined: Fri Sep 01, 2017 12:50 pm
Reputation: 2916
Cambodia

Re: Ponzi scheme currently promoted in Cambodia

Post by Kammekor »

Pibhub Dei Meas
ក្រុមហ៊ុនពិភពដីមាស
Or 'Golden soil' / 'Golden Land'
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: Ahrefs [Bot], Khmu Nation, Majestic-12 [Bot] and 1320 guests