S'pore woman, 49, arrested in alleged 'Fun Coffee' ponzi scheme says she is 'victim' too, victims disagree
She claimed she lost over S$600,000.
A 49-year-old woman has been arrested in connection with the alleged Fun Coffee Ponzi scheme. She claims to be a victim of the scheme herself, but some alleged victims dispute this. One such victim pointed out that if the woman was truly a victim, she would not have tried to dissuade others from reporting the scheme to the police.
The woman stated that she visited the company's location in Phu Quoc with 20 others in November of the previous year. They were introduced to the business model and plans by a person in charge. She found everything to appear legitimate. The woman also claimed she communicated daily with the company's specialist via WhatsApp since the Jalan Besar outlet opened in May of this year, providing updates on the café's business.
However, she has been unable to reach this specialist since July of 2026. Additionally, she stopped receiving funds from the company for the café.
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