What did the YouTuber promise?
Natthamon Khongchak posted dance videos on YouTube, with over 847,000 subscribers having a fan following on the social media channel. Known to her followers as Nutty, she was also active on Instagram, where she posted advertisements about private courses for aspiring forex traders. Nutty shared images of luxury cars, watches, and property on her social media accounts to demonstrate the riches she had made from forex trading.
According to the South China Morning Post (SCMP), 30-year-old Nutty lured people into investing in her foreign exchange trading company with promising returns as high as 35 percent. Enticed with the high returns, as many as 6,000 people had invested their money with her by April. This took their tally of investments to two billion baht ($55 million).
What happened to the money
Later, Nutty shared on Instagram that she had made a “trading mistake” and lost all the money, SCMP said in its report. In her last post in May, Nutty also said that she owed people a billion baht ($27.5 million), but her broker had blocked her trading account, and she did not have access to her funds since March. Nevertheless, she would try to repay the money, the Bloomberg report said.
However, Nutty hasn’t been seen on social media since June, and her followers think she has fled the country. According to immigration records, she hasn’t left Thailand. So far, 102 victims have filed complaints to authorities totaling the value of their investment…
