Woman held over Fun Coffee investment scheme; one victim lost $400k

By the Editorial Team · Sunday, August 9, 2026

A 49-year-old woman was arrested for allegedly promoting and recruiting participants for the Fun Coffee investment scheme, which promised high returns through cryptocurrency transfers but left users unable to withdraw funds. The case highlights growing law enforcement crackdowns across Hong Kong, Macau, and Singapore on this suspected multi-million-dollar pyramid scam, with potential prison sentences and fines for those involved.

A 49-year-old woman was arrested on August 6 in connection with a police investigation into the Fun Coffee investment platform, authorities announced on August 8. The woman is alleged to have actively promoted the scheme and recruited others to participate, according to the police statement.

Fun Coffee’s scheme required users to download an app and transfer Tether, a stablecoin pegged to the US dollar, into designated wallet addresses provided through the application. The investment plans promised extraordinarily high returns and additional commissions for recruiting new members. However, participants in Singapore reportedly found themselves unable to withdraw their funds from the platform.

The woman faces charges under the Multi-Level Marketing and Pyramid Selling (Prohibition) Act. If convicted, she could be sentenced to up to five years in prison, fined up to $200,000, or both.

Fun Coffee, which is based in Phu Quoc, Vietnam, claims to possess assets exceeding US$1 billion and employs a team of over 5,000 individuals. The platform presents itself as a “lifestyle brand combining coffee, wellness and digital innovation into a community experience,” and it entered the Singapore market in 2025.

Law enforcement officials in Hong Kong and Macau have recently intensified efforts against the scheme, arresting eight individuals linked to the operation. Approximately 200 victims in those regions have reportedly lost close to HK$100 million (approximately S$16.3 million). One victim in Singapore stated she invested around $400,000 but has been unable to recover any funds.

A site visit to the company’s registered address at 202 Jalan Besar on August 7 revealed a coffee vending machine at the entrance with handwritten instructions directing customers to scan a QR code for payment.

The police have cautioned the public against making any further payments or transfers related to Fun Coffee, especially in response to requests from individuals claiming to represent the company or via the app. Authorities also advised vigilance when payments are solicited through private PayNow QR codes, personal mobile numbers, or overseas accounts, which may indicate fraudulent activity.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.