In August 2022, Bloomberg reported that a Thai YouTuber with more than 847,000 subscribers had stopped posting and that police wanted her for fraud. The woman, known as Nutty, posted dance videos and, on Instagram, pictures of what she said were her forex profits. Thai police later said thousands of people had handed her money for investment contracts that paid nothing.
Two years later she was flown home from Indonesia and taken to a Bangkok court. Where the case stands today is murkier than the headlines suggest. It is still worth a trader's time, because the pitch she is accused of using has not gone away: screenshots of profit, fixed monthly returns, a friendly face.
Everything below is an allegation or a report unless it says otherwise. She is presumed innocent, and we found no report of a conviction.
Quick timeline
Who is Nutty, and what did Bloomberg report in 2022?
Bloomberg's story, republished by Fortune on 30 August 2022, called her Natthamon Khongchak. Thai police documents and the DSI use the name Suchata, and the spelling changes from outlet to outlet. The Nation reported, citing police, that she had changed her name twice before. Almost everyone calls her Nutty or Natty, after her channel "Nutty's Diary". We use Nutty.
Bloomberg said the channel, mostly dance videos, had more than 847,000 subscribers. It said she also promoted private forex courses on Instagram and posted images of what she said were her profits. The story put the alleged losses at about $55 million and said followers had been promised returns of up to 35%. The story does not explain how the $55 million was calculated.
In her last Instagram post, in May 2022, she said she owed investors 1 billion baht (about $27.5 million then). Police told Bloomberg that the Cyber Crime Investigation Bureau had received 102 complaints worth 30 million baht so far, and that the real number could be higher. A lawyer who helps fraud victims told The Nation that more than 6,000 people had given her money.
What did the Thai police and the court say?
The Nation reported on 31 August 2022 that the Criminal Court had issued arrest warrants for Nutty and her secretary. The charges were fraud and uploading false data to a computer system in a way that could harm the public. Police said more than 6,000 people had complained and that the damage was over 2 billion baht. Bloomberg's story, which ran the same week, described the warrant as issued a few days earlier, so the two reports differ slightly on timing.
According to police, as reported by The Nation, she invited followers to invest through her company. She posted photos of luxury cars, watches and bags as proof of earnings from forex trading with the broker IQ Option. Victims did not get the promised profits, police said.
The contract terms, as Thai police described them in October 2024 (reported by Thairath), were simple and generous: 25% for a three-month contract, 30% for six months, 35% for twelve months. Reports from 2022 differ: Bloomberg said followers were promised up to 35%, and The Nation, citing police, wrote of guaranteed returns of up to 100 per cent. A fixed return like that, set before a single trade, is something no real trading result can promise. That is the part a trader can check without any court.
How did she end up in Indonesia and back in Bangkok?
Thai police said in October 2024 that Nutty and her mother had left Thailand through unofficial border crossings, lived in Malaysia without valid Thai travel documents, and later entered Indonesia via Batam. They were arrested in Dumai, on the island of Sumatra, with help from Interpol and Indonesian police.
The date is where the sources part ways. Thairath, quoting Thai police, says 2 October 2024. BrokersView and other outlets say 18 October. We could not settle it. Both agree on the place and on the return flight on 25 October, when she and her mother were arrested at Don Mueang airport by DSI officers.
According to Thairath, she told reporters on arrival that she had come to surrender, had never planned to flee, and wanted to apologise to all victims. She sent other questions to the police.
What does the DSI record actually say?
The DSI is Thailand's Department of Special Investigation, a unit of the Justice Ministry that takes on big or complex crimes. The DSI page about the 25 October 2024 arrest names the case "Special Case no. 294/2565". It lists three sets of charges against the suspects:
- public cheating and fraud under the Emergency Decree on Borrowings Regarded as Public Cheating and Fraud (B.E. 2527);
- public fraud under the Criminal Code;
- putting false data into a computer system under the Computer-Related Crime Act (B.E. 2550).
The DSI says the suspects invited the public to invest in forex trading through the IQ Option platform and then did not deliver the promised returns or refund the money. It dates the alleged activity from August 2021 to May 2022 and says another police unit passed the case to the DSI on 14 May 2024.
The DSI page also carries the numbers it counts in this case: 438 victims and damages of 239,463,716.80 baht. It says 23 assets worth about 16.7 million baht were seized and handed to the Anti-Money Laundering Office (AMLO), with more being traced. The page does not mention any court hearing, trial date or bail.
Why do the numbers not match?
They really do not. The police figure at the 25 October 2024 press conference was more than 6,000 victims, losses above 2 billion baht and 475 complaints filed so far. The DSI's own count for its special case is 438 victims and about 239 million baht.
Nothing we read explains the gap. Both agencies are describing the same case, yet each gives a different count.
On 29 October 2024 the DSI also said that tracing assets and asking for them to be returned is AMLO's job, and told victims to follow up there.
What the other side says
Nutty has spoken in public at several points, always as her own account of events.
In May 2022, before the warrants, she said on Instagram that her broker had blocked her trading account and funds since March, and that she would try to repay everyone. She later posted an apology saying she had no intention to defraud anyone and would not flee, according to Bangkok Insight. The same outlet reported that she and her mother later released a video denying that she cheated anyone.
After the 26 October 2024 court hearing, Thairath reported that the two women denied the charges and that the court approved the remand request without objection from them. DSI opposed bail because of the number of victims, the size of the losses and the risk of flight. Reporters found no relative or lawyer who had filed a bail request that day.
On 1 April 2026 she returned to a Facebook fan page and wrote that the case had entered the justice process and that some parts had reached final court rulings. She said the Phra Khanong Criminal Court found her not guilty on a fraud charge. In her account, the evidence did not prove she meant to deceive from the start, and the court treated the matter as a contract and civil dispute. She said no one appealed. She attached documents to the post, and her hashtag called the "pyramid scheme case" an accusation, not the truth.
Thairath reported all of this as her own claims and did not verify it. We searched for an independent report of that ruling, in English and in Thai, and found none. Her post speaks of "some" cases, so it does not say the DSI case or every charge is over.
Where does the case stand now?
Here is what the sources we could open confirm. She was returned to Thailand on 25 October 2024 and held on remand from 26 October to 6 November 2024. The DSI had seized assets, which went to AMLO. She says one fraud charge ended in a final acquittal.
What we could not find: a report that the DSI case went to a public prosecutor, an indictment, a trial date or a verdict. Nor could we find whether she is still in custody or out on bail. If you hold a Thai court or DSI document that answers any of this, the address at the bottom of the page is open.
What traders can take from it
The details of Thai criminal procedure are not the lesson. The pitch is, because it repeats in every country.
- A screenshot of profit proves nothing. Anyone can take a picture of a demo account, a winning week or a car. A broker statement with account number, dates and every trade is a different thing, and even that shows only one account for one period.
- A fixed return is a red flag. Real trading has drawdowns and losing months. If someone promises 25% or 35% over a fixed term, ask who guarantees it, and with what money.
- Check a licence claim at the source. The police say the suspects claimed to hold a licence from the Thai securities regulator. Look up the firm on the regulator's own website, not on the link the promoter sends you.
- Ask where the money sits. If you pay a person or a personal company, and not a regulated broker in your own name, you cannot see the trades yourself. You cannot get them out yourself either.
- Keep every receipt. Chat logs, transfer slips, contracts and the dated pages of the promise. The victims' lawyer in this case began by collecting complaints from about 30 people. Evidence you saved early is what makes a complaint usable.
- Track your own trades. A trading journal that pulls fills from your own broker, as SetupBook does, gives you an equity curve that no one else typed in. That is also the standard to ask of anyone who sells you a track record.
Frequently asked questions
What is Nutty accused of?
Thai police and the DSI say she invited the public to invest in forex trading through contracts that promised fixed returns, and that investors did not get the returns or their money back. The DSI lists charges of public fraud and of putting false data into a computer system. She has denied wrongdoing in her own statements.
How much money is involved?
It depends on whose number you use. Bloomberg reported about $55 million. Thai police gave more than 2 billion baht and more than 6,000 victims. The DSI's own count for its special case is 438 victims and about 239 million baht. These are allegations and estimates, not court findings.
Has she been convicted?
We found no report of a conviction. She says on Facebook that she was acquitted of one fraud charge by the Phra Khanong Criminal Court and that the ruling is final, but we could not find an independent report of it. The status of the DSI special case is not public in anything we could read.
Where was she arrested and when?
In Dumai, on Sumatra in Indonesia. Thai police say 2 October 2024, while other outlets say 18 October. She was brought to Bangkok on 25 October 2024.
What can I do if an influencer's investment scheme stops paying?
File a report with the police in your country and with the financial regulator, and keep every message, transfer and contract. In Thailand the DSI said anyone who has already given a statement to police or to the DSI counts as a victim in the case, and that asset recovery goes through AMLO. A lawyer in your own country can tell you which agency takes cross-border cases.
Sources
- Bloomberg story republished by Fortune, 30 August 2022: the Bloomberg report, with police comments and details of the Instagram post.
- YouTuber Nutty flees abroad after alleged 2 billion baht forex case, The Nation: timeline of complaints and the victims' lawyer's account.
- Court issues arrest warrant for YouTuber Nutty, The Nation: the August 2022 warrant and the police description of the alleged scheme.
- DSI press statement on the 25 October 2024 arrest: charges, Special Case 294/2565, 438 victims, damages, seized assets.
- DSI clarification for victims, 29 October 2024: who counts as a victim and the role of AMLO.
- Thairath, the arrest and return (Thai): the police press conference of 25 October 2024 and her brief comment.
- Thairath, the remand hearing (Thai): the 26 October 2024 hearing and the bail position.
- Nutty Diary clarifies allegations after entering legal process, Thairath English: her Facebook statement of 1 April 2026, reported as her own claims.
- Bangkok Insight (Thai): her earlier apology and denial, and the warrant number.
- BrokersView: the 18 October 2024 arrest date.
This post is based on public sources as of October 30, 2026. Found a mistake? Write to info@setupbook.io.