He’s back! Drew Noyes the American founder of the Pattaya Times newspaper is back in the headlines again in the resort city – and features in no less than ten photographs in his newspaper, which has been off the streets for a month: –
And he’s back with a new unbelievable offer. – But needless to say – BEWARE!
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(In the left in the picture with the Generals above is Noyes right hand man Australian entrepreneur David Hanks, best known as the owner of Masquerades Brothel in Melbourne – Hot Asian beauties at AUS$100 for half an hour) |
And amazingly the man, who has been exposed on this site for his dealings in selling housing for Thailand’s less well-off to foreigners, is back again, er, selling housing built for Thailand’s less well-off to foreigners.
And what’s more Mr. Noyes, also exposed for ripping of the Board of Investment’s One Start One Stop Service Centre with his own One Stop Service Centers using their video promo, is back again posing with uniformed generals, and announcing his new company One Stop Legal Services, although in the picture caption above he has forgotten the name change and is still calling it One Stop Service Center.
In this leaflet above he promises two types of will for clients who want to make one in Thailand. One of them is legal!
There’s no stopping Drew Noyes, who was arrested earlier this year with his ‘wife’ Wanrapa Boonsu, the editor of the Pattaya Times, on extortion charges, and who was the subject of a major expose in the Wilmington Morning Star in North Carolina, long before he graced Thailand’s shores.
Now he’s been doing the rounds posing with police generals etc. and hobnobbing with the élite again. He’s mixing with the hoi poloi while trying to raise cash from homes built for Thailand’s ‘working class’. Ah capitalism.
In the Pattaya Times is a new company called Pattaya Management & Development Company Ltd., but this of course points to the address and telephone numbers of Noyes’ PAPPA Co. Ltd., in Karn Keha Building, Thepprasit Road, Jomtien.
But be careful Pattaya Management & Property Development are currently seeking loans from foreigners to invest (US$90,000) in condos in Lumpini Condotown on Pattaya’s ‘prestigious’ Sukhumvit Road.
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Here’s the blurb!
‘Investments are made by way of a loan to the management company secured by the First Trist Deeds on the underlying assets.
‘This means for each unit for which you make a loan your name will be recorded on the title deed and at the Land Office so that the loan is 100 per cent secured by the CURRENT value of the condominium’.
That’s interesting. People are being asked to put down US$90,000 for three condo units, which are being advertised on the net from 950,000 baht (US.30,914) each and in this case all they get is a promise to pay the cash back with 8 to 10 % interest!
Read on below
Advertising for these properties by LPN has only been in Thai on the internet. This development was designed as cheap housing for Thai people in Pattaya to give the not so well of a chance to own a home of their own.
This is what Opas Sripayark, Managing Director of L.P.N. Development Public Company Limited had to say:
If all these properties were sold out in the first few weeks then one has to assume that the Pattaya Management and Development Co. Ltd, purely wanted to step in as a middle man and make a killing when they were built.
But now, for those who bought to speculate, is the time to put their money down. As the condos are about to completed, they have to pay or take out mortgages and the developers are not walking away.
That’s where the foreign punters come in it seems.
This is what L.P.N. Chairman Pakorn Thavisin had to say: That’s him talking to Drew Noyes above. Would he have told Khun Pakorn his plans?
“We do not leave our projects after the sale. We stay with the building and help to make it a community. We even publish a magazine for owners so they know how to live in harmony together since many of them have never lived in a condominium before.”
Of course I guess everybody could be lying. But that’s not good either if you’re investing! But my money is on Khun Pakorn telling the truth.
So do not believe these 100 per cent guarantee promises that you will get your money back plus 8% to 10%. They are not offering you the deeds of the property. You’ll be making a community – somebody else’s!
Ask around and find out how difficult it is to get someone to repay a loan in Thailand let alone one to you know who.
And it seems almost superfluous to state that the claim that they will be able to ask 2,850 Thai baht a night in rentals from Agoda and Bookings.com is a load of old cobblers.
An independent estate agent I called estimates the possible rental at between 7000 to 10,000 a month but not from a Thai.
“It looks a bit like the Sir Francis Chichester estate in Lambeth”.
Personally if I want to be in Pattaya I will rent a room in Pattaya, not five miles out, and next year I’ll still be able to get one with a pool outside my door at half that price if I can do it now for 800 baht.
And no these properties are not expected to appreciate drastically in 2015 when Thailand becomes the hub of ASEAN, as is claimed. Prices will rise according to the markets.
The figures do not add up.
These units are what they are – nothing else. But who ever bought up a batch of these condos believing they constituted a cash cow to offer to foreigners as security for loans, had no concern that he had deprived them from ordinary people who wanted an affordable place to live.
(1) Name ten comfortable places to stay in Pattaya with pool, restaurant etc for 1000 baht or under!
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(2) Name ten comfortable places to stay in Pattaya with the above for 1500 baht or under!
(2) What can you get in Pattaya for Bt2,850!?
Links:
How Drew Noyes ripped off the BOI One Stop Service
Drew Noyes sells houses built for the poor Part 1
Video: Drew Noyes sells Hitler a dodgy condo
Drew Noyes and the Wilmington Morning Star
AD,
You are making this difficult to comment on the blogs.
But you made it anyway Kevin – if it appears in Thai then the problem is how you have set up your computer. But yes reading the code thing is a pain. Cést la vie
AD,
Under 1500 baht you have Royal Twins, Royal Palace, Welcome Plaza and Royal Hotel all on 2nd road opposite Royal Garden with big pools and ample parking and great sized rooms.
Sabai Lodge group all coming in under 1500 but I have stated for 800 pr room recently.
Once you start paying 2,800 bt you are really getting a good hotel with all the services.
Like Drew's little crest on his jacket, I can't tell if the logo is Ravensclaw or Slytherin though? Even though he is horridly obvious as a scammer you have to see the beauty and ingenuity of it's simplicity, really too bad this guy is such a P.O.S. had he put half this much effort into something legitimate he would be successful by now.
Áye – interesting to see how many foreigners will be peering out of yon factory with windaes in a few years time.
Only a true cheapskate would put his supposedly prestige businesses in an office called Karn Keha Tower. Karn Keha is known everywhere in Thailand to indicate a low-cost Government housing project. Doubtless that is also why he buddies up to the army – which is a renowned heaven for deceitful moonlighting business people.
It's not surprising that this site is zooming up the Alexa placing and popularity lists. I'm reliably informed that many expats in Thailand, those with an "interesting" past, hit it daily, or even hourly, to make sure they are not yet the subject of a dreaded Drummond investigation. These may include people who once met Gary Glitter on a beach or bumped into Jimmy Savile at the BBC. By the way, did you know that in 1960s Haiti staff in Papa Doc's palace regularly peered into his personal basement fridge to check whether or not they could see their own head amongst the rows kept there? If so, this was apparently the sign they were shortly due for the chop.
Good heavens Barry. You're psychic. The Savile connection to Thailand story is not breaking until tomorrow. Maybe you have found a new vocation.
Psycho rather than psychic I suspect.
I hit it daily…sometimes a few times if in the mood.
Several towns in England are changing their street names from Savile to another name.
Does this also apply to Savile Row and if so what contingency plans have you put in place when you order your next £2000 suit?
Keep up the excellent reporting; good to see your support continually grows.
So what's he up to now, is this his exit strategy? Swindle as much money has he can and run? I see he has found some new unsuspecting people to have his photo taken with, pity for him none of his old regulars will give him the time of day anymore..
I'm so glad that Condotel farce article was published in the Pattaya Times and not in any newspaper that people actually read. I can see that development from my office window.. It is hideous! Prestigious Ha Ha! Gotta love Noyes fighting spirit, just doesn't know when to give up.
What a Joke, Drew bought between 15-20 of these units and negotiated a Thai deposit on the units, so paying very very little, He is now having serious heart theropy because it is coming to the payment part of the deal. Has he got the money to pay for all these units, Don't make me laugh.
Drew what comes around goes around, it is amazing what others know about you and your scams.
How did Andre go on in court today does anyone know
http://www.khmer440.com/chat_forum/viewtopic.php?f=14&t=19992&p=232252#p232252
This link provides the latest as Drew Noyes, through is Aussie mate David Hanks, tries to attack me while claiming to be a journalist working for an Asian English magazine. Its on the K440 Forum in Phnom Penh. Famous Grouse is yours truly of course
Drew your $68 X 365 X 80% = $19,856 is smoke.
I've been in the travel industry for 25 years. So DN is claiming he will be joining Agoda & Booking.com. Let me detail a few facts. Agoda is part of the US giant Priceline, the cost associated with dealing with any OTA (Online Travel Agent) range in fees and commission from 22% to 30%. This is once they have your product and room allotment via a "channel partner" to the OTA who will also charge booking fees on each transaction plus a fee to deliver to the OTA world. Some industry reports state the total cost is closer to 40% with fees, commission and so called partners taking your property to market. Now factor in the customer belongs to the OTA and pays them, as a property owner you are paid weeks AFTER the guest departs, for most hotels generating 30-50% of their business (occupancy) via this channel, some no name hotels can only expect 5% from an OTA and don't dare offer something better directly or via another site they will penalise your property.
In Thailand there are 7500 hotels that deal with this channel however there are close to 15000 hotels in the Kingdom, 50% cannot afford this high cost channel.
In the airline sector 10 years ago we were dependent on brick and mortar agents no we book direct, the same thing is happening in the hotel sector. So anyone who dreams of building a hotel, signing a few agreements and having an occupancy of 80% is out to lunch IMO. The only way it works nowadays is with a branded franchise, that will cost you $50K to 100K to join plus more fees so you need deep deep pockets in order to make a go of it most hotels rely on restaurants, F&B income of at least 30% of income on order to become profitable.
Sorry if this is long and confusing just another major gap in this scam.
It's all a scam, whatever the subject. I wonder how long it takes for the two goons to catch up with the tricks of master scammer DN, probably on pay day haha
I find the style whereby one implores a prospective mark to come by your office to have the secret of the con revealed and then revealing the formula in the very next paragraph to be most confusing. I suppose it saves prospective investors the trouble of stopping by.
Just as some recent intel: one can book the A-One right on Beach Road for $78usd (roughly 2400 THB)per night for Thursday/Friday/Saturday during early January. I can't imagine some off brand, serviced apartment way the hell and back from the beach commanding anything near that amount. In fact on the advert it appears that one can purchase it on monthly installments for 3,900 THB/mo. Were that it was so easy to buy a property and rent it for 2 nights per month and have the mortgage covered!
An additional note. The below linked article appears in the Pattaya Times, which pronounces "Pattaya Times is Pattaya Beach Thailand's Leading News Source" in a tone which suggests they could learn a thing or two from the PR people in "Best Korea":
http://pattaya-times.com/a7132-lumpini-condotown-north-pattaya-sukhumvit-attracts-investors
It's from May of 2011, the launch of this project. A certain Boonme Lapmak of "Property Management and Development Co, Ltd." is quoted as saying they will be investing heavily for customers. Interesting that, eh? So perhaps we know who is the local fronting Drew on this or perhaps Drew took this man's advice to heart in May of 2011.
I'd also note that if this thing went from launch to completion in just short of 18 months then these LPN guys are total masters. I've done a lot of development (in the US, not Thailand so no expert) but getting 1500 units out of the ground in that time frame is quite fast. I'd love to do a walk through and see what the level of quality is.
I can also only find a range of unit sizes in this development of between 22sqm and 32sqm which would quash the Noyes machine's claims that these units are much larger than a 3* or better hotel. For example the room size quoted on Agoda for the A-One I have referenced above is 32sqm.
A bit tricky to reply, so I'll work that out first, then come back and redo/edit this, if I can…but I live–until I get back to Vietnam–right next to Tijuana, Mexico…and I know just how harsh the bad guys can be on honest journalists, like Mr. Drummond, so I intend to support him, and this site, to the best of my abilities, as there don't seem many like him over there….now back to signing up here 😀
2,850 baht for a 32sqm room in Pattaya? The same price (inc. tax) that I pay for my 60sqm suite in a leading five star hotel in Sukhumvit. But I didn't get a sea view in BKK. That must be it.
I don't know what's funnier. The fool who thinks anyone is going to fall for an offer like this, or the fool who actually does.
I think we all missing the point here, Noyes is in his fantasy world as usual.. There's nobody that is going to take him seriously, he found a few more guys to his picture taken with so is still so desperately trying to convert it into something. Nobody is going to hand him cash without a little due diligence. "Prestigious Sukhumvit Location" will soon appear as not to be the same "prestigious Sukhumvit" as we know to be downtown Bangkok. Take one look at the place and it is simply low-cost high density housing – reminiscent of the "projects" in US, and "Council Flats" in UK. I am looking right at it now.. Hideous! It will be as bad if not worse than the projects on Threppasit road. You remember the ones with sea view and tennis courts!
Andrew
I have been following your site and various exposes, including those on DN, for some time now. What I simply do not and cannot understand is how this man keeps getting away with what he does, and as often as he does it!
Surely by now he would have incurred the wrath of Thai notables (nefarious or otherwise)for aligning their names and reputations, good or bad, with his obviously dubious and amateurish criminal activities.
On a similar note, I wonder what the various international Mafia collectives active in Pattaya think about his eh… (and others of a similar ilk for that matter) business activities? Of course, maybe DN's small time thievery does not even register a collective raised eyebrow amongst those socially active groups with bigger fish to fry.
Similarly, as he does continue to operate openly and with seeming impunity, it also means that the fair city of Pattaya provides enough social space and criminal largesse for all and any crook, big or small, to operate.
Am I missing something here, or does DN have protection from someone of influence? And if so, why?
FWIW my experience is that as long as DN "contributes" enough to the locals or they believe he will eventually get them some cash they could care less what he says. He is such a fly speck even in Pattaya that no one pays him any attention. When it falls apart the wrath will be vengeful. Among the many I have seen come and go there was a guy in Phuket who claimed he was in with the Royal Family and did similar photo opp things. I could never understand why no one shut him up or stopped his scams and he seemed protected. To cut to the chase. His eyes got too big for his stomach and he over-extended himself. He had no one left to borrow from and could not make his payments on what he had borrowed. When the bank foreclosed his "friends" soon arrested him (something they rarely do here in a default) and he spent 4 years in the house before getting out somehow temporarily. He died shortly after in a bus station, dressed as a woman while attempting to sneak away (the cops were present when he had his heart attack so they were about to nab him). I expect Drew to meet the same or a similar end, probably with less panache since I think Mr No Yes is a rung or two below this guy. So if you see him at the MAC cosmetic counter send the cops to the bus station.