Thai YouTuber absconding after allegedly duping 6,000 people of $55 million

According to her would-be investors, the 30-year-old forex trader lured people into investing in her forex trading company with promising returns as high as 35%. Viewers of dance YouTuber Suchata Kongsupachak have recently reported to Thai authorities they found her to have stolen their money after she invited them to invest in her foreign exchange trading company. This weekly forum helps all levels of trader build understanding, and connect with an active trading community. Nick Syiek is a stock and Forex market analyst and founder of the A1 Trading Company who started his channel, TraderNick, in 2018. The channel serves as a journal for Syiek’s investing journey where he shares his personal successes and failures in the financial markets. A popular Thai YouTuber allegedly cheated thousands of her followers to swindle about $55 million through a foreign exchange trading scam that reportedly promised hefty returns on their investments.

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A YouTuber in Thailand is in hot water after allegedly cheating thousands of followers out of nearly $55 million. Starting out or taking the next step, we have resources suited to you. The Whistleblower Program provides monetary incentives to individuals who come forward to report possible violations of the Commodity Exchange Act.

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New victims of the crafty social media scam are emerging by the day, with most claiming to have lost thousands of baht. According to local media reports, over 6,000 people gave Natthamon money to invest after being promised to see returns of up to 35 percent if they wired through cash. You’re invited to share feedback as you progress through modules, including topics you’d like to learn more about. Inner Circle Weekly education and market review sessions build knowledge and confidence – plus provide networking opportunities. First Steps in Forex Beginner traders, this course gives you the required knowledge to be ready to start trading.

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Thai officials believe that Khongchak’s fake foreign exchange trading company could be linked to people arrested for fraud in Malaysia last month, which are both Ponzi schemes. The Conquer Trading & Investing YouTube channel was created in 2013 and features informative videos on both Forex and Bitcoin trading in addition to daily analysis. Expert analysis of live markets which features videos between 5 to 10 minutes long. As a global leader in financial market fp markets bonus research as well as investment analytics, Trading Central launched its YouTube channel in 2013 to provide traders with additional information on financial news. Meir’s vocation is not only to provide beginner traders with the necessary support in their endeavors, but to help them reach success. In addition to the YouTube channel, Meir also trades in the day trading room on Tradenet and makes a day trading chat room available on the YouTube channel.

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If you would like to reproduce or redistribute any of the content found on MarketPulse, please access the RSS feed or contact us at © 2020 OANDA Business Information & Services Inc. However, in May, Nutty shared a video on Instagram telling her followers that she had made a trading mistake. Apparently, her broker allegedly blocked her trading account, leading to her being unable to access her funds since March. As a result, she now owes investors ฿1 billion or around $27.5 billion. A YouTuber in Thailand has allegedly scammed her followers to the tune of $55 million in a foreign exchange trading scam, Bloomberg reported.

This took their tally of investments to two billion baht ($55 million). The COT reports are based on position data supplied by reporting firms . CFTC staff does not know specific reasons for traders’ positions and hence this information does not factor in determining trader classifications.

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The Trade Risk was founded by Evan Medeiros, a trader who specializes in end of day swing trading and enjoys sharing his ideas and experience with others trading the stock market. I day trade for a living and want to share the mental preparation, technical analysis, and trader education on this channel to make you trade like a machine. This is a trading strategy I developed myself after years of trying all the indicators out there. This method of trading works for almost all instruments including Forex and regular stocks but trading Bitcoin using my unique technical analysis has proven to be the most profitable as of now.

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The channel also hosts live debates from time to time, such as the ‘Great Crypto Debate’. Five playlists on the channel cover; cryptocurrency and blockchain, and financial markets and analysis, as well as three feature shows. These are the David Rubenstein show, Real Yield, and Brilliant https://forex-trend.net/ Ideas. According to the South China Morning Post , 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.