Investment Scams Behind the 'Crazy Rich' Young Indonesian

By Editorial Team 17/03/2022
White collar crime
Topic

The Indonesian police have officially arrested Indra Kesuma, popularly known as Indra Kenz, and Doni Salmanan, young Indonesians who are popular on social media as 'crazy rich.' Both were arrested for being an affiliate for the investment program of Binomo and Quotex, the so-called 'online financial trading platform.'

Their modus operandi is to persuade young people to invest in the products offered by the investment apps. Those people have to deposit some money for the two 'crazy rich' to become members. After that, they will get tutorial content for trading and market signals to earn profit from trading on the apps. However, in reality, the members reaped losses.

Police charged the two with suspected investment fraud, gambling, spreading fake news, and money laundering. According to the Head of the Public Information Bureau of the National Police's Public Relations Division Brigadier General Ahmad Ramadhan, Indra and Doni face a 20-year maximum for prison sentences.

 

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