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SINGAPORE – A number of investors in Singapore have made police reports over an alleged Ponzi scheme involving Fun Coffee, a food business that originated in Vietnam.It comes just days after the authorities in Hong Kong and Macau arrested eight people in toVictims in Singapore, Hong Kong, Macau lose millions in alleged 'Fun Coffee' Ponzi scheme
SINGAPORE – A number of investors in Singapore have made police reports over an alleged Ponzi scheme involving Fun Coffee, a food business that originated in Vietnam.It comes just days after the authorities in Hong Kong and Macau arrested eight people in total linked to a scheme that has seen 200 people lose nearly HK$100 million (S$16.3 million).Based in Phu Quoc, Vietnam, Fun Coffee claimed to have assets of more than US$1 billion (S$1.28 billion) and a team of more than 5,000.Investors were encouraged to pour money into the firm's coffee-based ventures using cryptocurrency.It claimed to employ sophisticated technology including brewing machinery and intelligent irrigation and fertilisation systems, reported Asia News Network. Read more











