California Wow: Land seized by anti-money laundering agency
While reporting losses transferred 1.69 billion baht (99% of all transactions) abroad & to buy Phangnga land for founder Eric Levine from 2000-2011. Cheating customers by shutting down branches while selling memberships.
FITNESS SCAMS, MONEY LAUNDERING & CONSUMER PROTECTION
California Wow land seized by anti-money laundering agency
The Anti-Money Laundering Office (AMLO) has seized 88 million baht in land owned by California Wow as part of its .
Amlo Seehanart Prayoonrat announced the Tuesday after a a by the Consumer Protection Police Division to to the club for and .
The included five 18 rai in Phangnga.
California Wow’s was “look and feel like celebrities” and Eric Levine was a bodybuilder who himself promoted the company with his big every time he got on .
CLOSING DOWN BRANCHES & CHEATING CUSTOMERS
Between 2000 and 2013 California Wow closed down many of its without , including those for .
The company was of its and failing to services promised in its .
About 100 California Wow and Consumer Protection Foundation at Silom Complex in Bangkok the club repay after closing down its. High pressure sales and hundreds of over service marked the of the club. SOMCHAI POOMLARD
DRAINING CASH OUT OF COMPANY
The company’s also show they transferred 1.69 billion baht, or 99% of all activities (or transactions), to both in Thailand and from 2000-2011 while for the business.
Moving large amounts of money out of the country while the company is said to be that its had of .
The company transferred the money to buy land in Phangnga owned by Fitness Estate Co for which California Wow Eric Levine was one of the on the .
Later, the company’s were replaced and a new company Latitude 43 was as a .
After all these , Mr Levine became the of this newly created company Latitude 43.
Newspaper editoriial cartoon showing Bangkok Bank chasing after California Wow to get back the money it loaned the company.
California Wow formed a partnership with Fashion TV. The partnership was celebrated with a fabulous voyage aboard the F Diamond cruise ship.
Public companies traded on such as California Wow are usually held to stricter of .