YouTube star “Nutty” would cheat $55 million followers


Natthamon did not respond to a direct message sent to her Instagram account on Tuesday.

A popular Thai YouTuber allegedly cheated thousands of her followers into defrauding about $55 million through a currency trading scam that allegedly promised hefty returns on their investments.

Natthamon Khongchak, known to her followers as Nutty, attracted more than 847,000 subscribers to a YouTube channel where she posted dance videos. She also advertised private courses for aspiring forex traders on her Instagram account and posted images of what she believed to be her winnings.

More than 6,000 people gave Natthamon money to invest, Nation newspaper reported, citing a lawyer who helped dozens of alleged victims file complaints with Thai police. Followers were lured in with promises of a whopping 35% return on their investments, the report said.

In her last Instagram post, in May, Natthamon said she owed investors 1 billion baht ($27.5 million). In the video, she claimed that her broker had blocked her trading account and funds since March, but said she would try to refund the funds.

Natthamon did not respond to a direct message sent to her Instagram account on Tuesday.

A Thai police unit involved in internet crime last week issued an arrest warrant for fraud against Natthamon, according to Wattana Ketumpai, a police officer with the Cyber ​​Crime Investigation Bureau.

So far, the agency has received complaints from 102 people who claimed they had lost a total of 30 million baht, he said. New victims emerge almost every day, most claiming to have lost tens of thousands of baht, Wattana said. The numbers could be higher, he said, as complaints may have been made to other police stations.

Although Natthamon has not been seen on social media since June, followers speculate that she has fled the country, the Nation reported. Still, immigration data shows she did not leave Thailand, Wattana said.

(Except for the headline, this story has not been edited by NDTV staff and has been published from a syndicated feed.)

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