What specific actions did Singapore police take against the Fun Coffee promoter?

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Singapore Police Arrested a Promoter in Connection with the Fun Coffee Investment Scheme

Singapore police arrested a 49-year-old woman on August 6 in connection with the Fun Coffee investment scheme. The arrest was made due to her active promotion of the scheme and recruitment of new members. She faces potential legal penalties under Singaporean law if convicted.
Arrest Under Multi-Level Marketing and Pyramid Selling (Prohibition) Act

The woman was apprehended under the Multi-Level Marketing and Pyramid Selling (Prohibition) Act. This legislation is designed to curb illegal marketing practices. The investigation into Fun Coffee's operations in Singapore led to this specific action against the promoter.
Potential Penalties for Conviction

If found guilty, the arrested woman could be sentenced to a maximum of five years in prison. Additionally, she may be liable for a fine of up to S$200,000, or face both imprisonment and a financial penalty. These penalties reflect the seriousness with which such investment schemes are treated.
Fun Coffee Scheme Details and Wider Impact

The Fun Coffee scheme, reportedly based in Phu Quoc, Vietnam, enticed participants by promising high returns and commissions for recruiting others. Investors were instructed to install an app and transfer cryptocurrency, specifically Tether (USDT), into provided wallet addresses. The scheme ultimately prevented participants from withdrawing their funds. Authorities in Hong Kong and Macau have also made arrests related to Fun Coffee, with approximately 200 individuals reportedly losing nearly HK$100 million. A Singaporean victim stated she had invested S$400,000 without any recovery.

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What specific actions did Singapore police take against the Fun Coffee promoter?

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