Police warn of fake fund recovery services targeting victims of Fun Coffee investment scam
The fraudsters asked victims to make bank transfers, claiming the money was to facilitate the recovery of funds
Police issue warning about fake fund recovery services targeting Fun Coffee scam victims. Scammers pose as Fun Coffee representatives or third-party service providers, asking victims to pay deposits, taxes or fees via bank transfers. Victims learn they've been scammed when they don't receive their money back. Fun Coffee, originating in Vietnam, was exposed as a ponzi scheme in Hong Kong; several Singapore investors have reported losses to the police.
A 49-year-old woman was arrested on Aug 6 for her alleged role in the scheme. Investment scams rank third among scam types in the first half of 2026, with 2,256 cases reported and $169.8 million lost.
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