Online Ponzi Scheme
SGD 54,200
Recovered4
Accounts Frozen22 Wks
ResolutionRecovery of SGD 54,200 from a Ponzi scheme targeting investors across Singapore
A Singaporean client approached Сlaimonds Singapore after losing SGD 54,200 in an online Ponzi scheme promising monthly returns of 300%. The platform claimed to use AI algorithms for automated trading and guaranteed risk-free profits.
The Background
The platform regularly displayed "profits" and allowed small withdrawals to build trust, convincing investors to deposit increasingly larger sums. Eventually, payouts stopped — citing "technical maintenance" — and the platform collapsed entirely.
The website was taken down, communication cut off, and victims realised their investments had vanished in a classic Ponzi scheme.
Our Strategy
Our team launched a comprehensive investigation, analysing digital traces to identify the individuals behind the platform. We discovered shell companies used to launder the funds.
We filed reports with the Singapore Police Force and coordinated with financial crime units. Urgent court orders were obtained to freeze bank accounts, and the flow of funds was documented in detail.
Outcome
After 22 weeks of intensive work on multiple fronts, we returned the full SGD 54,200. The investigation led to the identification and arrest of key members of the fraudulent network.
This case paved the way for recovery of funds belonging to other victims and raised awareness of similar Ponzi schemes across Singapore.
Take the First Step Toward Recovery
We represent clients across Singapore with verified losses starting from SGD 3,000. We do not handle disputes related to online purchases, offline transactions, or Telegram.