A preferred Thai YouTuber allegedly cheated 1000’s of her followers to swindle about $55 million by a overseas alternate buying and selling rip-off that reportedly promised hefty returns on their investments.
A preferred Thai YouTuber allegedly cheated 1000’s of her followers to swindle about $55 million by a overseas alternate buying and selling scam that reportedly promised hefty returns on their investments.
Often called Nutty to her followers, Natthamon Khongchak attracted greater than 847,000 subscribers to a YouTube channel the place she posted dance videos. She additionally marketed non-public programs for aspiring foreign exchange merchants on her Instagram account, posting photos of what she mentioned had been her income.
Greater than 6,000 people gave Natthamon cash to speculate, the Nation newspaper reported, citing a lawyer who helped dozens of alleged victims file complaints with Thai police. Followers had been lured with guarantees of returns of as a lot as 35% on their investments, the report mentioned.
In her final Instagram put up, in Might, Natthamon mentioned she owed 1 billion baht ($27.5 million) to buyers. Within the video, she claimed her dealer had blocked her buying and selling account and funds since March, however mentioned she would attempt to repay the cash.
Natthamon did not reply to a direct message despatched to her Instagram account on Tuesday.
A Thailand police unit concerned in web crimes final week issued an arrest warrant for fraud towards Natthamon, based on Wattana Ketumpai, a police officer on the Cyber Crime Investigation Bureau.
To this point, the bureau has obtained complaints from 102 individuals claiming they’d misplaced a complete of 30 million baht, he mentioned. New victims come ahead practically on daily basis, with most claiming to have misplaced tens of 1000’s of baht, Wattana mentioned. The numbers could possibly be increased, he mentioned, as complaints might have been lodged with different police places of work.
Whereas Natthamon hasn’t been seen on social media since June, followers are speculating that she’s fled the nation, the Nation reported. Nonetheless, immigration data present she hasn’t left Thailand, mentioned Wattana.