From Wealth to Prison: The Downfall of Molika – Unveiling the Risks of High-Profile Investments

2023-09-10 14:11:34

Molika once flaunted her wealth with millions of dollars, but now she is a prisoner. (Picture/reprint from Khmer Times, the same below)

Oeun Molika, a 28-year-old “celebrity selling goods” in Cambodia, often shows off her luxury cars or takes photos with millions of dollars in cash. It turns out that she attracts money from investors in a manner similar to the Rat Club, promising to give With a high rate of return and millions of dollars in capital, she unexpectedly declared “bankrupt” at the end of last year, and the investors sued her in court. After being arrested, Molika argued that it was just a business failure and she was “not lying.”

Molika, who used to love to show off her wealth in a high-profile way, has countless supercars.

As can be seen from the photos, Molika loved to show off her wealth in a high-profile manner in the past. She had countless supercars and several heavy-duty motorcycles. What was even more exaggerated was that she was pushing and stacking US dollar bills all over the table for taking pictures, and there was also a mobile phone next to her. With the money counting machine, I visually inspected the table with at least 100 bundles of U.S. dollars, and the total value may exceed 1 million U.S. dollars.

After Molika was arrested, her husband also came forward to complain, and even made a video and posted it crying about poverty.

According to media reports such as the Khmer Times, Molika, who used to be a singer, has transformed into a “celebrity selling products”, selling lotions online, and often even sells luxury cars that she bought lavishly, or shows off a lot of them. She took a photo with US dollar bills. She had amazing money-making skills and even absorbed millions of dollars from investors. Such exaggerated display of wealth was an invisible stimulus to investors. However, at the end of the year, she suddenly claimed bankruptcy and lost all her money.

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Molika was also quite high-profile when she declared bankruptcy. In November last year, she claimed that she was penniless. “If you don’t believe it, you can check my bank account to see how much money is left. I am also a victim.” Investors So she took her to court, and she argued that it was simply a business failure and “no deception.”

After Molika was arrested, her husband also came forward to complain. He even made a video and uploaded it crying about poverty. He tearfully apologized to investors, but argued that the couple had not deceived anyone at all. It was just improper financial management that led to bankruptcy. Many people may have mistakenly She thought that as long as she invested in Molika’s business, she would be as rich as her, but in fact she was probably squandering investors’ money to satisfy her selfish desires. In this case, the judge is expected to rule on the 18th.

Molika once flaunted her wealth with millions of dollars, but now she is a prisoner. (Picture/reproduced from Twitter)
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