Society Abroad

Thai YouTuber Allegedly Flees To M’sia After Cheating 6,000 Investors Of RM240mil In Forex Scam

On the run.

A Thai YouTuber is now on the run from authorities after she allegedly fleeced thousands of victims in a forex scam.

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6,000 investors cheated

According to lawyer Phaisal Ruangrit, who primarily helps fraud victims, Natthamon Khongchak had cheated approximately two billion Thai baht (RM246,204,602.20) off 6,000 investors, reported The Nation.

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Phaisal ruangrit speaking to reporters
Photo via The Nation

He added that one of the victims had even deposited about 18 million baht (RM2,216,631.83) with Natthamon.

He also brought 30 individuals to the  the Economic Crime Suppression Division to file a formal complain against the Thai YouTuber on Aug 24.

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YouTuber accused of misusing popularity

Natthamon is a wildly popular public figure, where she boasts of 847,000 YouTube followers and 310,000 Instagram followers at the time of writing.

On Instagram, she claimed to be a trader and highlighted multiple Instagram Stories of her forex trading experiences.

She also touted herself to be a singer, dancer, YouTuber and chief executive officer.

However, Phaisal accused her of misusing her popularity to mislead unsuspecting “investors”, where she promised massive returns within a short period of time.

Claimed to have lost money due to misstep

Natthamon allegedly told potential “investors” that they would receive a 25% capital return for a three-month time period, 30% for six months and 35% for 12 months when they deposit into her account along with a promise of a monthly payout.

When April 2022 came around, investors began noticing something amiss when they stopped getting their payments and began to make grouses.

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On May 25, Natthamon went public and said that she had lost of their money in a trading mistake.

However, she promised to pay then back and pleaded for time.

A month later, Natthamon told investors that she was facing two lawsuits and wouldn’t be able to pay them back if she were to be imprisoned.

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Wanted by authorities

One of the victims named Nok, who reportedly lost 37 million Thai baht (RM4,556,785.99), has since put out a reward of one million Thai baht (RM123,186.82) to anyone who has information on the Thai YouTuber’s location, reported Sanook News.

A local television show which spoke to several victims later reported that the reward money has doubled to two million Thai baht (RM246,238.32).

The Nation also cited popular Thai Facebook page Drama-addict, which claimed it had received information that Natthamon had allegedly fled to Malaysia.

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But, a check by Channel 7 HD with Thai immigration officers revealed that Natthamon’s name did not appear in their records recently.

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