Having previously highlighted the cartographical inaccuracies of The Beach development, I would have hoped that none of you would have been tempted to rush down to the site and slap down some cash.
If you did, you may want to check your receipt. George Morgan, the vice-president of the project, has been arrested for stealing one hundred million baht in deposits.
It’s not really a surprise that he stole the money, what is a surprise is that so many mugs investors parted with so much cash for such a speculative project.
Comments 🔗
2009-06-08| Pete, frogblogger saysBuying a hole in the ground is certainly a mug’s game, especially in the likes of Thailand, or Cambodia. Though have to confess I did it myself once, in the Canary Isles. Got away with it that time…
2009-06-08| Wenthwoth saysYes fools. I only invest in top notch companies like GM and Lehman brothers.
2009-06-08| genuine j saysA fool and his money are soon parted, I’m led to believe. Semper Eadem, as they say in Leicester.
2009-06-10| Billy saysOr Altijd Edam as they say in the Netherlands
2009-06-11| genuine j saysBilly; Not so! Are you forgetting Gouda, Leerdammer, Limburg etc?
2009-06-11| Spike saysWhat the hell are you two on about?
2009-06-12| Moonman saysI glad I’m not the only one who needs a translator!
2009-06-12| genuine j saysBelated apologies.Sorry. Comment 3 should have read Semper eadem eadem as they say in Thailand. My mistake, mea culpa! (refer to your Thai/Latin dictionary if necessary.
2009-06-12| Spike saysHeu, modo itera omnia quae mihi nunc nuper narravisti, sed nunc anglice?