Background on Forex Scammer
Kittiyakorn is a Thai national that has used her sex appeal to warm up many potential “investors” through her claim that she is a successful Forex trading expert, and even gave seminars on the topic. She advertised these seminars through her social media (Facebook/Instagram) and developed relationships with prospective investors. Some investors were lured in using her sex appeal. She would even have sex with many investors to scam them of money.
Using Sex Appeal To Scam Boyfriends and Forex
She will play with their emotions, tell them about her ‘sad life’, create a dramatic story and ask them to lend her money.
Once the money is her bank account, she will break up with her boyfriends and block them in social media / Whatsapp etc..
Scams Her Forex Students
However, she preys on her students desperation for wealth and success, and scams them too by telling them to transfer money to her Thai bank accounts and she would trade for them (she keeps all the money, and creates fake Forex ‘cent’ accounts and then reports that she ‘lost’ the money from bad trades)
Facebook Groups Against Kittiyakorn
Fake Forex Trades using FBS and Cent Accounts
These trades turned out to be from fake ‘cent’ micro accounts in FBS(full details kept confidential for now as she is currently being investigated by the Thai police and lawsuits are being filed against her)
Victims would wire Kittiyakorn money with the expectation that Kitti would use the funds to “trade” foreign exchange (“Forex” currency) and earn interest of 10% – 40% per month. She also claimed that the investment scheme was near risk free as she promised investors she would protect the capital (principal).
Creating Forex Trading Contracts To Scam Investors
Once the account was grown to $13,000 or more, only $3000 of the account balance would be used to “trade,” thus making the investor believe their money was in safe hands.
Her schemes worked as she would send fake reports to investors in MT4 and MyFXbook, while she transferred all the money out of the investor’s accounts into her own bank account.
When investors asked for their profits and capital, she would block everyone on Whatsapp/social media and ran away with all of the money.
METHOD OF FOREX SCAM BY KITTIYAKORN
1. Open Forex trading account for investors (FBS, Oanda etc)
2. Tell the investors she needs to have full access to their Forex account to manage the trading, she will ‘change the password’ for their account. Once she changes the password, she has full access to the Investor’s accounts.
3. Pretends she makes a deposit for the investors – she will show a ‘successful’ deposit to the investors.
4. However, all her deposits get rejected but she does NOT tell the investors
5. Kitti will then opens fake trading accounts (cent accounts) and keeps the investor’s money for herself. Investors think they have USD10,000 but instead it is 10,000 cents (USD100 only) in their trading account.
6. She will send screenshots to the investors, set up MT4 and MyFXBook links to show trades, lying to investors that she is trading on a standard/VIP USD account.
7. After a few days, investors lose access to the reports as she resets the password and opens more fake ‘cent’ Forex accounts.
8. She uses the excuse that ‘she is travelling’ and the VPN logs her out due to the different IP address she is using to login to trade.
9. When investors ask for withdrawal of capital, money… she will go offline for 4-5 days and makes lots of excuses:
i. pretend she is sick, travelling, no internet to manage the trades.
ii. she does NOT put a stop loss on the trades and leaves the positions open for days/weeks.
iii. all trading accounts go to zero $0
iv. she tells investors she has no money , she will make it back slowly
v. she hope investors forget about it and move on
Kittiyakorn repeats this 100x to scam more investors, while she pockets all their money to her personal bank accounts.
Forex Scam By Switching Investor's FBS Trading Accounts
Kitti would close the FBS accounts of the investors, withdraw ALL the money to her own personal trading account.
She then opens a new FBS account for the investors after she switches it to ‘cent’ accounts (Instead of US Dollar accounts) and lies to investors that their money is safe and still inside the trading account
Forex Scam Falls Apart
Kittiyakorn the Forex scammer Lifestyle
PERSONAL DATA ON KITTIYAKORN
9/56 Hive65 Condo, Sukhumvit65, Bangkok 10110, Thailand 1 Soi Rat Burana 27/1, Rat Burana Road, Khwaeng Rat Burana, Khet Rat Burana, Bangkok 10140 Thailand No 823/60, Village No 6, Chor Hor Sub-District, Mueang Nakhon, Ratchasima District, Nakhon Ratchasima Province
https://www.facebook.com/arndt.klinzing, a German National living with Kittyakorn as her “Fiance” in Switzerland. Kitty portrayed herself as a millionaire who made high forex trading profits, and she and Arndt has bought a villa in Switzerland.
Switzerland Address: Jurastrasse 17, Windisch Aargau, Brugg District, Switzerland 5210https://goo.gl/maps/L7hqyb7bQ37evW917
SIAM Business Zurich
Kittiyakorn Watcharawalrakarn was working in Siam Business Zurich, using her job to probably scam more innocent investors in Switzerland and targeting the Thai community there (all other employees are presumed innocent and have nothing to do with Kitti’s scams)
PERSONAL DATA ON KITTIYAKORN
Kittiyakorn Watcharawalrakarn will also use her company in Thailand to show proof to the investors that she is a legit business person.
Her mother Rossathon Ketthonglang is her business partner and also financial criminal, since she receives all the stolen money from Kitti, and also teaches Kitti how to scam lots of people.
PERSONAL DATA ON KITTIYAKORN
+65 8246 3187
+41 79 372 52 29
She has 2 other Facebook accounts which she has now deactivated to hide from investors and lawsuits
YouTube channel promoting her Forex company in Thailand
This is her marketing video
KITTIYAKORN BANK ACCOUNTS
(a) Miss Kittiyakorn Watcharawalrakarn
Bank Account no. 813-266-0499
Bank name : Siam Commercial Bank
Swift Code : SICOTHBK
Bank Address : BUILDING 2, FLOOR 2, 1060 PETCHBURI ROAD, Bangkok 10400
(b)Miss Kittiyakorn Watcharawalrakarn
Bank Account no. 522-222 2488
Bank name : Kasikorn Bank
(C) Miss Kittiyakorn Watcharawalrakarn
Bank Account no. 1000913807
Bank name : CIMB Bank Berhad
Swift Code : CIBBSGSG
Bank Address : 50 Raffles Place #01-02, Singapore Land Tower, 048623, tel +65 63337777
Kittiyakorn Watcharawalrakarn is a Thai criminal, having been arrested many times by the Thai police for various crimes such as fraud, money laundering, cheating, Forex trading and taking money from investors without an authorized license.
She is a psychopath, lying and cheating without remorse, regret and she has NO integrity.
She will do whatever it takes to get your money.
Because of her criminal history, Kittiyakorn Watcharawalrakarn keeps changing her social media usernames and profile names every few months. She does this to hide from investors and all the victims she has scammed.
She has even legally changed her name in Thailand many times, and even changed her Thai driving license ID with a fake date of birth – to lie to investors that she is older than she