The Straits Times·3 min read·medium
Police arrest woman in Singapore after collapse of alleged Fun Coffee ponzi scheme
C
Claudia Tan
✦AI Summary
A 49-year-old woman has been arrested in Singapore for her role in promoting the 'Fun Coffee' investment scheme, which authorities have labeled a pyramid scheme. The platform, which promised high returns via cryptocurrency, has left investors unable to withdraw funds as authorities across Asia investigate the collapse.
The Straits Times visited Fun Coffee’s registered address at 202 Jalan Besar on Aug 7 and found a coffee vending machine at the entrance.
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