since he is sincere in refunding, and said 18 jan 2012.
my suggestion, since he is planning to refund all, why dont he follow all of u to go to police station and show face to the police.
Let the police know what happen, let police take his statement and sort on.
If payment dint receive on 18 jan 2012, police will know all the truth and confession from the scammer, and proceed to charge him. Others can sue him for coning money and etc.
If 18 Jan everyone got their money back, then together go police station cancel the report. Then police at least know this case is solve and have database on this scammer if anything happen in the future again.

why are u afraid going to police station with all of them? Explain to police what u did la.
If u refund all the money tonight, im sure everyone will cancel the police report.

why dont u follow all of them to the nearest police station and wait for ur fren at police station instead?
Waiting at police station sure guarantee u wont get rob one since u will be receiving large amount of money.
Tomorrow say u been rob after receiving the money?
A conman is a conman, no matter how u give excuses it doesnt remove the fact that u con their money and use it up.
Its time to repent, by surrendering yourself to the police.

bear in mind that going to police station doesnt mean u can just shrug off the matter. After lodging the police report, they can sue you and your family for all the money and trouble you caused them. It does not mean that you do not need to bear any responsibility and pay back their money.

why need to wait until tomorrow? Im sure all of the victims willing to send ur conman butt to police station asap.

u think after u surrender to police, got sentenced to jail, u dont need to bear any responsibility?

just give them ur ic and tell them u wan loan 60k, then pay everyone their money.
then u got killed by loan shark that is ur problem. KARMA is the word

take a loan from loan shark! pay the ppl which u con back their money. Let the loan shark bite ur f*cking as%. No one care u die or live. They just wan their money back!

put ur parent's name or grandparent's name la.

no actions from police? the refund process seem slow and draggy

question,

why are u guys thanking him?

he is the one should thank you for lending him money without interest.