PASTI Task Force Shuts Down Snapboost Over Illegal Investment Scheme

The Task Force for the Eradication of Illegal Financial Activities (Satgas PASTI) has ceased the business activities of an entity named Snapboost, suspected of committing fraud by offering an illegal investment scheme. Hudiyanto, Head of the Satgas PASTI Secretariat, explained that Snapboost claimed to be a social media monetisation platform using a Click to Earn (C2E) system, where participants would earn income through liking and sharing content on various social media platforms. The illegal activity allegedly offered an investment scheme requiring the public to make a deposit to carry out various tasks, such as liking content on Instagram, Facebook, YouTube, and TikTok. Furthermore, Snapboost promised daily income, bonuses based on membership tiers, commissions for recruiting new members, and prizes such as motorcycles and cars for members who deposited certain amounts. Satgas PASTI also found indications that the perpetrators periodically changed the URL addresses using different names, whilst maintaining the same appearance, features, and operational mechanisms, suggesting they are interconnected. Following up on these findings, which have the potential to harm the public, Satgas PASTI has halted the activities and immediately blocked access to the related application and URLs. Satgas PASTI stated it is coordinating with law enforcement officials for further legal proceedings in accordance with applicable regulations. Satgas PASTI once again reminded the public to always be cautious of investment offers and financial activities that promise high returns in a short time or seem illogical, including those requiring upfront deposits and operating through websites or applications that frequently change URL addresses but maintain similar appearances, features, and operational mechanisms. If members of the public find indications of illegal investment offers or online loans, they can report them through sipasti.ojk.go.id, OJK Contact 157, WhatsApp 081157157157, or via email at konsumen@ojk.go.id. Meanwhile, victims of financial transaction fraud can also submit reports through the Indonesia Anti-Scam Centre (IASC) at iasc.ojk.go.id to support the acceleration of blocking the perpetrators’ accounts and further handling efforts.