The person at the center of this case
Multiple victims - FDIC-insured financial institutions and Laotian community members in Nevada
Cold Case · Open - Federal Fugitive
14 years waiting · since 2012
PHET LOI NAOVARATH
Justice for Multiple victims - FDIC-insured financial institutions and Laotian community members in Nevada — the trail went cold in 2012, but the truth hasn't.
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Key leads to think about
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suspect
Lead #1Where has Naovarath been hiding since May 2012? Has he traveled to Laos, Los Angeles, or remained in Nevada?
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vehicle
Lead #2Naovarath has a known preference for luxury vehicles including Lamborghinis; has anyone spotted him with high-end cars?
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contact
Lead #3Did Naovarath maintain contact with his wife, children, or associates after fleeing? Any financial transactions or communications?
Phet Loi Naovarath orchestrated a massive real estate fraud scheme from 2005-2007 that victimized FDIC-insured banks and members of Nevada's Laotian community, causing losses exceeding $10 million through identity theft and property flipping. After pleading guilty and receiving a 33-month federal prison sentence, Naovarath fled Las Vegas in May 2012 just before his scheduled surrender date, abandoning his wife and two children. He remains a federal fugitive wanted for escape and fraud, with possible connections to Laos, Los Angeles, and Nevada.
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More leads to consider
Beyond the top three above — each detail below could be the thread that pulls this case open.
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evidence
Lead #4Co-conspirators have already pleaded guilty and been sentenced; can their testimony or records help locate Naovarath?
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clue
Lead #5Naovarath's lavish lifestyle funded by fraud proceeds suggests he may maintain expensive habits; monitoring luxury purchases or properties could yield leads
Have information about any of these leads?
Even the smallest detail could be the key to solving this case.
Official wording
Source Narrative
Escape Caution: 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.
Remarks: 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.
Timeline of Events
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2005-01-01
Fraudulent scheme begins
Naovarath begins orchestrating real estate fraud scheme targeting FDIC-insured institutions and Laotian community members
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2007-12-31
Scheme concludes
Fraudulent real estate scheme ends; total losses exceed $10 million with numerous foreclosures
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2012-05-01
Naovarath flees
Naovarath abandons Las Vegas, wife, and two children before scheduled federal prison reporting date
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2012-06-15
Federal warrant issued
Federal warrant issued for Naovarath's arrest for escape and fraud
Key Locations
Interactive map showing important locations related to this case
Case Information
Incident:January 1, 2005
Last Updated:September 11, 2026
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Case Information
Incident:January 1, 2005
Last Updated:September 11, 2026