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Chon Buri pawn shop loses millions in fake gold scam

Caitlin Ashworth

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Chon Buri pawn shop loses millions in fake gold scam | The Thaiger
PHOTO: Khaosod
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All that glitters is not necessarily gold. Owners of a Chon Buri gold shop learned the hard way, explaining to police that they’ve been tricked by a group of scammers pawning fake gold. Krit and Anadda Tianmai, owners of the Thong Tian Nid Gold Shop, say they lost more than 9 million baht.

People, many who claimed they were construction workers needing the cash to pay workers on site, pawned chains that were about the same size and weight. When gold is pawned rather than sold, it is not cut into to determine if it is real. But due to the suspicious activity, Anadda decided to cut into a chain and discovered the chains are actually silver coated in gold with real gold clasps.

The fake gold was pawned for high prices from 24,000 baht up to 120,000 baht. Over the course of 5 weeks, around 12 people came in to pawn the phony gold.

Authorities are now in contact with many of the local gold traders to warn them of the situation and see if they can get some further leads that could lead to an arrest.

The gold shop owners have filed a report and turned security footage into police.

SOURCE: Thai Residents

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Caitlin Ashworth is a writer from the United States who has lived in Thailand since 2018. She graduated from the University of South Florida St. Petersburg with a bachelor’s degree in journalism and media studies in 2016. She was a reporter for the Daily Hampshire Gazette In Massachusetts. She also interned at the Richmond Times-Dispatch in Virginia and Sarasota Herald-Tribune in Florida.

2 Comments

2 Comments

  1. Avatar

    Rinky Stingpiece

    August 18, 2020 at 12:53 am

    crafty.

    • Avatar

      Keith Fitzgerald

      August 18, 2020 at 1:51 pm

      Here again, you need to learn how to write compound adjectives.
      Your title is quite problematic. The scam itself was not fake.
      It was a fake-gold scam. What kind of scam was it? One involving fake gold. It was not a fake scam involving gold.
      Are scams fake?

      Also, perhaps you can begin stories without a cliche. Just a suggestion.

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