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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Former Miss Universe CEO Flees to South America as Court Issues 2-Year Prison Sentence for $1M Fraud

Anne is a leading Thai transgender entrepreneur and Forbes' third-richest transgender person in 2020. (Credit: Instagram)

Former Miss Universe CEO Jakkaphong 'Anne' Jakrajutatip was sentenced to two years in prison without probation on 26th December, following a Bangkok South Kwaeng Court's ruling on fraud charges related to a nearly $1 million (£743,090) corporate bond investment. The court also ordered fines against the company.

Anne, who co-founded JKN Global Group — the firm that co-owns the international pageant — did not appear in court and remains at large. Reports suggest she converted approximately $190.2 million (£141.3 million) into cryptocurrency before fleeing the country, allegedly with assistance from a former business partner, and is believed to have escaped to South America.

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