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Woman arrested in Singapore as part of probe into Fun Coffee investment scheme

News Snapshot:

SINGAPORE: A 49-year-old woman has been arrested in Singapore over her alleged role in promoting an investment scheme linked to the Fun Coffee platform, which authorities said resembles a pyramid-selling scheme.In a media release on Saturday (Aug 8), the police said the woman was arrested on Thursday following investigations into the platform, which is purportedly based in Vietnam.Preliminary investigations indicate that she had actively promoted the scheme and recruited others to join. Users were required to download the “Fun Coffee” application and transfer Tether (USDT), a cryptocurrency pegged to the US dollar, into digital wallet addresses provided through the app."Users…

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