SINGAPORE — A Thai woman involved in the $32 million luxury goods scam has pleaded guilty to cheating and money laundering on Monday (Oct 21). Pansuk Siriwipa, 30, faced 180 charges, involving 166 victims who were cheated of more than $12 million. She admitted to 30 charges including cheating, money laundering and misappropriating luxury goods.
Pansuk Siriwipa being escorted by the Singapore police at Woodlands Checkpoint on Aug 11, 2022.SINGAPORE — A Thai woman involved in the $32 million luxury goods scam has pleaded guilty to cheating and money laundering on Monday .
However, at the end of 2021 and in early 2022, she had trouble sourcing the goods overseas. She later found them from local suppliers, but had to pay more for the merchandise. She took orders and collected payments for luxury watches amounting to over $24.7 million, despite knowing that Tradenation could not fulfil these orders given its financial condition.
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