Nutty, a YouTube celebrity, ‘flees to Thailand after defrauding thousands of admirers out of £46 million’
Suchata Kongsupachak, 30 years old, allegedly duped 6,000 of her followers into investing in her forex trading firm by offering returns of up to 35%.
She frequently posted images on social media displaying an assortment of luxury automobiles, watches, and real estate, which she claimed to have acquired via a broker.
However, it was all a deception; the 6,000 admirers never received the promised profits.
According to police, a Thai YouTube celebrity accused of defrauding thousands of her followers out of £46 million in a foreign exchange trading scam has fled the country.
Suchata Kongsupachak, 30, who has over 840,000 YouTube subscribers, allegedly duped 6,000 of her followers into investing in her forex trading company by promising returns of up to 35%.
According to investigators, Kongsupachak, a dancer known as ‘Nutty,’ frequently posted images on social media depicting an assortment of luxury automobiles, watches, and houses that she claimed to have acquired through forex trading with a broker named ‘IQ option.’
But it was all a fraud; the 6,000 fans were cheated out of £46 million since they never received the promised income (2 billion baht).
Suchata Kongsupachak, 30, who has over 840,000 YouTube subscribers, allegedly duped 6,000 of her followers into investing in her forex trading company by promising returns of up to 35%.
According to investigators, ‘Nutty’ Kongsupachak, a dancer known as ‘Nutty’, frequently posted images on social media displaying an assortment of luxury automobiles, watches, and properties that she claimed to have acquired from forex trading with a broker named ‘IQ option’
A lawyer representing dozens of victims stated that a single individual wired £424,170 (18 million baht) to Kongsupachak’s bank account.
In April, the YouTube personality informed her viewers that she had lost their whole investment due to a “trading error.”
According to the South Morning China Post, Kongsupachak is thought to have fled to Malaysia after a Thai court issued an arrest warrant for her on allegations of fraud.
It is thought that Kongsupachak fled to Malaysia after a Thai court issued an arrest order for her on allegations of fraud.
Wattana Ketumpai, an officer at Thailand’s Cyber Crime Investigation Bureau, told the Nation Thailand, ‘Suchata frequently posted photos on social media displaying her wealth with luxury cars, watches, bags, and real estate while claiming to have acquired them through forex trading with a broker named ‘IQ option.’
She then urged her fan club and followers to participate in forex trading with her company, Suchata Co Ltd, while promising returns of up to one hundred percent. ‘Investments could be made in cash or through a trust agreement.’
More than a hundred people have so far filed accusations against Kongsupachak.
The investors are now offering a prize of £117,753 to anyone who can supply them with information regarding the location of Kongsupachak.
Kongsupachak, who operates the YouTube channel “Nutty’s Diary,” has changed her identity thrice. She formerly went under the names Leah Kongchak and Natthamon Kongchak, according to Nation Thailand.