Miss Universe Owner Faces Fraud Case Amid Financial Troubles

Miss Universe's co-owner Jakrajutatip faces fraud accusations and financial difficulties at JKN Global Team. Legal issues and scandals surround the pageant, impacting its reputation and future. Debts reach $93M.

Financial Dispute Erupts

The lawful difficulties center on a dispute with financier Raweewat Maschamadol, who claims he shed 30 million baht (about US$ 930,000) after acquiring corporate bonds from Jakrajutatip’s business, JKN Global Team, in 2023.

This will certainly mark the beginning of completion of the Miss Universe “pageant”, as we know it. It’s a shame, since it was an organization created to improve the appeal of ladies all over the world, not others that can not accept who they are.

As lawful process unfold, the Miss World Organization is emphasizing that the pageant itself stays different from JKN’s business disputes. The mix of economic difficulties, fraud accusations, and on-stage disputes has made 2025 one of the most troubled years in the contest’s background.

After getting Miss Cosmos, JKN marketed 50% of its shares in the contest to Tradition Holding Team U.S.A., possessed by Mexican businessman Raúl Rocha Cantú, in 2023. Regardless of the ongoing lawful issues, the Miss Cosmos Company emphasized that “these lawful proceedings are totally separate” from the pageant’s procedures.

Jakrajutatip, a well-known celeb in Thailand and a prominent transgender public figure, had been charged with scams in 2023 however was launched on bail. Her failing to appear in a Bangkok court on Tuesday prompted the court to identify her as a trip danger, and the hearing has been rescheduled for December 26.

JKN’s Acquisition and Financial Struggles

JKN, which acquired the Miss Cosmos pageant civil liberties from IMG Worldwide in 2022, has actually faced substantial financial troubles recently. The business back-pedaled repayments to financiers starting in 2023 and got in debt rehab procedures in 2024, reporting complete financial obligations of around 3 billion baht (US$ 93 million).

Jakkaphong has long been a public figure in Thailand, showing up in truth shows and talking honestly concerning her identification as a transgender female. Her high-profile condition has contributed to the global focus surrounding the scams claims and the Miss Cosmos Organization’s continuous obstacles.

With debts amounting to around US$ 93 million and accusations of scams, JKN faces an uphill battle to bring back investor confidence. The Miss World brand continues to browse the lawful problems while trying to maintain its online reputation on the worldwide phase.

Legal Actions and Resignation

In June, Jakrajutatip resigned from all positions within JKN adhering to complaints from Thailand’s Securities and Exchange Compensation of misstating the business’s 2023 economic declarations, though she stays the company’s largest shareholder.

The Miss Universe Organization is dealing with one of its most remarkable weeks in current memory, as Thai authorities released an apprehension warrant for Jakkaphong “Anne” Jakrajutatip, co-owner of the global contest, about a scams instance entailing nearly US$ 930,000. The news comes in the middle of a collection of conflicts bordering the pageant’s recent competitors in Bangkok where Miss Mexico won the title against fan-favorites Miss Philippines and Miss Cote d’Ivoire.