According to authorities, a Thai YouTube celebrity suspected of tricking thousands of her fans out of $52 million in a foreign exchange trading scheme has fled the country.
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A Thai YouTuber is said to have fled the country after being accused of defrauding thousands of her admirers out of $52 million.
Suchata Kongsupachak, a popular YouTuber with over 840,000 followers, has been accused of duping 6,000 of her fans into investing in a forex trading firm by promising profits of up to 35%.
According to South Morning China Post, Kongsupachak is thought to have fled to Malaysia after facing three accusations brought against her by a Thai court, including fraud.
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The YouTube personality frequently displayed luxurious stuff on her social media platforms, such as automobiles, watches, and even real estate.
According to investigators, Kongsupachak, also known as 'Nutty,' claimed that she bought expensive things through FX trading with a company called IQ option.
However, it is now clear that 'Nutty' never got the money promised by the broker, and that 6,000 fans were scammed out of a large sum of money.
In April, the YouTuber attempted to cover her tracks by claiming to viewers she had lost all of their money due to a "trading error."
According to a lawyer representing the followers, one victim deposited $488k to the YouTuber's bank account.
Investors are offering a £117,753 reward to anyone who can provide information on Kongsupachak's location.
Wattana Ketumpai, an officer with Thailand's Cyber Crime Investigation Bureau, told the Nation Thailand that Kongsupachak urged her followers to invest in her firm, Suchata Co Ltd, and promised up to '100% returns.'
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The officer continued: "Investments could be made either in cash or via a fiduciary contract."
Nichapat Ratanukrom, Kongsupachak's secretary, has also been served with a warrant for fraud.
Further inquiry by officials showed that 'Nutty' was reportedly linked to another fraud case in Singapore, where a Thai lady and her Singaporean husband were suspected of scamming consumers out of almost $20 million in expensive watches and brand-name merchandise.