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White Collar Crimes

White Collar Crime, a term reportedly first coined in 1939, is synonymous with the full range of frauds committed by business and government professionals.

  1. PHET LOI NAOVARATH

    Escape

    Phet Loi Naovarath is wanted for his involvement in a fraudulent scheme that victimized multiple FDIC insured institutions, as well as many individuals within his own Laotian community in Nevada, from 2005 to 2007. Naovarath promised the Laotian victims that they would be "investment partners" on various Las Vegas properties that they would be purchasing. However, instead of being a partner on a legitimate real estate transaction, Naovarath merely used their identities to buy and then quickly resell (flip) the high-end properties.

    In some cases, Naovarath used the same buyer to purchase several properties, incurring millions of dollars in mortgage debt. Most, if not all, of the properties within one entire up-scale Las Vegas community were purchased in the same fraudulent manner, resulting in numerous foreclosures and losses exceeding $10 million.

    Naovarath used the ill-gotten gains to support his lavish lifestyle. Several of Naovarath's co-conspirators pled guilty and were subsequently sentenced. Due to the overwhelming evidence against him, Naovarath pled guilty and was sentenced to 33 months in federal prison.

    In May 2012, just before reporting to the Bureau of Prisons to begin serving his sentence, Naovarath fled Las Vegas, leaving behind his wife and two young children. On June 15, 2012, a federal warrant was issued for Naovarath's arrest.

    Naovarath enjoys fast cars and previously has owned a Lamborghini. Naovarath may have travelled to Laos; Los Angeles, California; and Las Vegas and Pahrump, Nevada.

    Naovarath has a tattoo on his back and a tattoo on his right shoulder.

    • "Loi"
    • "Loy"
    • Phet Naovarath
    • Phetsamone Loi Naovarath
    • Phetsamone Loy Naovarath
    Date(s) of Birth Used: May 1, 1976 Hair: Black/Brown
    Place of Birth: Laos Eyes: Brown
    Height: 5'10"
    Weight: 160 to 165 pounds Sex: Male
    Race: Asian
    Occupations: Car dealer,
    Real estate investor,
    Card dealer
    Nationality: Laotian