PASTI Task Force Shuts Down Snapboost Over Illegal Investment Scheme
Jakarta (ANTARA) - The Illegal Financial Activity Eradication Task Force (Satgas PASTI) has halted the business activities of Snapboost, which is suspected of committing fraud by offering an illegal investment scheme.
The Secretary of Satgas PASTI, Hudiyanto, 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 on various social media platforms.
The illegal activity is suspected of offering an investment scheme by asking the public to make deposits to carry out various tasks, such as liking content on Instagram, Facebook, YouTube and TikTok.
In addition, Snapboost promised daily earnings, 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 certain amounts of money.
Satgas PASTI also found indications that the perpetrators regularly changed their link addresses (URLs) using different names, whilst maintaining the same appearance, features and operational mechanisms, suggesting the sites were interrelated.
In response to these findings, which have the potential to harm the public, Satgas PASTI has halted the activity in question and is immediately blocking access to the related applications and links (URLs).
Satgas PASTI stated that it is coordinating with law enforcement authorities for further enforcement action in accordance with applicable regulations.
Satgas PASTI once again reminded the public to remain cautious of investment offers and financial activities that promise high returns in a short time or illogically, including those requiring upfront deposits and operating through websites or applications that frequently change their link addresses but continue to use similar appearances, features and operational mechanisms.
If indications of illegal investment or online lending offers are found, the public can report them via sipasti.ojk.go.id, OJK Contact 157, WhatsApp 081157157157, or email at konsumen@ojk.go.id.
Meanwhile, members of the public who become 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 perpetrators’ accounts and further handling efforts.