Virginia Woman Makes Millions of Dollars In Designer Handbag Hustle
Praepitcha Smatsorabudh, a woman from Virginia, made $1 million in profit from a designer-purse scheme.
Praepitcha Smatsorabudh, a woman from Virginia, made $1 million in profit from a designer-purse scheme. She bought real handbags online than went in person to return fake versions of the bags bought from China to department stores in multiple states.
According to the NY Daily News, “She would double her profits by selling the authentic Gucci, Fendi, and Burberry bags, some priced around $2,000, on Ebay or Instagram to unsuspecting buyers”.
The Feds caught on to her back in 2014 and tracked her until the end of 2015. During this time, Smatsorabudh became one unnamed major retailer’s top online customer worldwide. The Virginia Woman faces up to 20 years in prison on wire fraud charges.
According to the NY Daily News, Smatsorabudh traveled to at least 12 different states to return the phony bags she received from Hong Kong and mainland China.
Below is a September 2014 email to one of the China retailers she was dealing with.
“The best fake bag I’ve ever seen! Can you send me more … from this factory. They make bag IMPaCABLE!!!!” according to court documents obtained by ABC.
Investigators believed that Smatsorabudh made at least seven figures from one department store alone…
Read the full NY Daily News Article here…