The person at the center of this case
Multiple FDIC-insured institutions and Laotian community members in Nevada
Cold Case · Open
13 years waiting · since 2012
PHET LOI NAOVARATH
Justice for Multiple FDIC-insured 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
🎯
suspect
Lead #1Where did Naovarath flee? Possible locations include Laos, Los Angeles, or other Nevada areas.
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evidence
Lead #2What assets or vehicles did Naovarath acquire with fraudulent proceeds, particularly luxury vehicles like Lamborghinis?
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contact
Lead #3Has anyone in the Laotian community or Las Vegas area had contact with Naovarath since his May 2012 disappearance?
Phet Loi Naovarath orchestrated a massive real estate fraud scheme from 2005 to 2007, defrauding FDIC-insured banks and members of the Laotian community in Nevada of over $10 million by using victims' identities to purchase and flip high-end Las Vegas properties. After pleading guilty and being sentenced to 33 months in federal prison, Naovarath fled Las Vegas in May 2012 before his scheduled reporting date, abandoning his wife and two children. The FBI seeks information on his whereabouts, as he may have traveled to Laos, Los Angeles, or other Nevada locations.
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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.
💡
clue
Lead #4Did Naovarath establish connections or assets in Laos that might facilitate his hiding or escape?
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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 using victims' identities to purchase high-end Las Vegas properties
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2007-12-31
Scheme concludes
Fraudulent real estate scheme ends; over $10 million in losses incurred
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2012-05-01
Naovarath flees
Naovarath leaves Las Vegas before reporting to Bureau of Prisons, abandoning wife and two children
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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:May 10, 2026
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Case Information
Incident:January 1, 2005
Last Updated:May 10, 2026