The person at the center of this case
Multiple victims - FDIC-insured institutions and members of the Laotian community in Nevada
Cold Case · Open - Fugitive
14 years waiting · since 2012
PHET LOI NAOVARATH
Justice for Multiple victims - FDIC-insured institutions and members of the Laotian community 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 did Naovarath flee after leaving Las Vegas - did he travel to Laos, Los Angeles, or remain in Nevada?
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vehicle
Lead #2What luxury vehicles, particularly Lamborghinis, has Naovarath owned or accessed that could aid in locating him?
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contact
Lead #3Have his wife and two children who were left behind maintained any contact or received communication from Naovarath since his disappearance?
Phet Loi Naovarath orchestrated a massive real estate fraud scheme from 2005-2007, defrauding FDIC-insured banks and his own Laotian community in Nevada of over $10 million by using victims' identities to purchase and flip high-end Las Vegas properties. Convicted and sentenced to 33 months in federal prison, Naovarath fled Las Vegas in May 2012 just before his scheduled surrender, abandoning his wife and two children. He remains a federal fugitive with possible connections to Laos, Los Angeles, and Nevada, known to favor luxury vehicles.
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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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location
Lead #4What specific upscale Las Vegas community properties were fraudulently purchased, and could reviewing those transactions reveal additional leads?
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person
Lead #5Which co-conspirators received reduced sentences and might have information about Naovarath's whereabouts or plans?
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 Period Begins
Real estate fraud scheme targeting Laotian community members begins, using their identities for property purchases
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2007-12-31
Fraudulent Scheme Ends
Fraudulent scheme concludes after victimizing multiple FDIC-insured institutions and individuals, resulting in over $10 million in losses
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2012-05-01
Naovarath Flees
Phet Loi Naovarath flees Las Vegas before reporting to federal prison to serve his 33-month sentence
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2012-06-15
Federal Warrant Issued
Federal warrant issued for Naovarath's arrest as a fugitive
Key Locations
Interactive map showing important locations related to this case
Case Information
Incident:January 1, 2005
Last Updated:October 30, 2026
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Case Information
Incident:January 1, 2005
Last Updated:October 30, 2026