PASTI Task Force Halts Snapboost Operations

The Illegal Financial Activity Eradication Task Force (Satgas PASTI) has halted a business known as Snapboost, which is suspected of committing fraud by offering an illegal investment scheme.

Hudiyanto, Head of the Satgas PASTI Secretariat, in a statement in Jakarta on Tuesday, explained that Snapboost claimed to be a social media monetisation platform and used a C2E (Click to Earn) system, in which participants would earn income through liking and sharing content across various social media platforms.

The illegal activity is suspected of offering an investment scheme by asking the public to make deposits in order to carry out various tasks, such as liking content on Instagram, Facebook, YouTube and TikTok.

In addition, Snapboost promised daily income, bonuses based on membership tiers, commissions for recruiting new members (member get member), as well as prizes in the form of motorcycles and cars for members who deposited funds at certain amounts.

Based on the results of coordination, Satgas PASTI explained that Snapboost was found to have no legal entity or business licence in Indonesia, and the application or website used was not registered as an Electronic System Operator (PSE) with the Ministry of Communication and Digital Affairs of the Republic of Indonesia.

Satgas PASTI also found indications that the perpetrators periodically changed the link addresses (URLs) using different names, whilst retaining the same appearance, features and operational mechanism, suggesting they were interconnected.