AutoTrade Golder founder and CEO Dinar Wahyu Saptian Dyfrig, better known as Wahyu Kenzo, has been arrested in Indonesia.

Indonesian authorities
allege
AutoTrade Gold was a 9 trillion INR Ponzi scheme (~$582 million USD).

An investigation into Kenzo was opened following complaints from AutoTrade Gold investors.

That initial investigation revealed 141 local victims of the scheme, who together lost 15 billion IDR (~$971,000 USD).

As the investigation progressed authorities uncovered around 25,000 victims and over half a billion in losses.

As reviewed by BehindMLM in December 2021,
AutoTrade Gold
was a convoluted Ponzi scheme also involving Pansaka and Panthera Trade Technologies.

AutoTrade Gold was the “automated trading” MLM side of the business

Pansaka was an Indonesian marketing arm of AutoTrade Gold

Panthera Trade provided investor support and doubled as an inhouse broker

Kenzo ran all three companies through PT. Pansaky Berdikari Bersama and LegoMarket LLC, shell companies incorporated in Indonesia and Saint Vincent and the Grenadines respectively.

As reported by a BehindMLM reader, AutoTrade Gold collapsed on or around February 2nd, 2022.

I can confirm that at some point Kenzo fled Indonesia for Dubai. I can place him there as late as December 2021.

I don’t know when but it seems Kenzo eventually returned to Indonesia. This was likely only recently or in the second half of 2022.

If I had to guess, Kenzo felt enough time had passed and he didn’t need to
hide out in Dubai
anymore.

As part of the police investigation into AutoTrade Gold, Kenzo was summoned twice to appear as a suspect witness.

Kenzo failed to attend the summons, prompting police to issue an arrest warrant.

Kenzo was arrested on Saturday, March 4th in Surabaya, Java. He has been charged with multiple criminal counts pertaining to local equivalents of securities fraud, wire fraud and money laundering.

The AutoTrade Gold criminal case is being investigated and prosecuted by authorities in Malang City, East Java.

Following his arrest, Kenzo was presented before a court on Sunday, March 5th. He remains in custody as the case continues.

If convicted, Kenzo faces a maximum 46 year prison sentence and up to 20 billion IDR in fines (~$1.2 million USD).

Update 20th January 2024 – 
Wahyu Kenzo has been
sentenced to ten years in prison
.

🤖 Quick Answer

Who is Wahyu Kenzo and what was his role in AutoTrade Gold?
Dinar Wahyu Saptian Dyfrig, known as Wahyu Kenzo, was founder and CEO of AutoTrade Gold, an automated trading MLM platform. He was arrested in Indonesia following investigations into the company's fraudulent operations and subsequent complaints from investors alleging Ponzi scheme activities.

What were the allegations against AutoTrade Gold?
Indonesian authorities alleged AutoTrade Gold operated as a 9 trillion INR Ponzi scheme, equivalent to approximately 582 million USD. The scheme involved convoluted structures incorporating multiple entities including Pansaka and Panthera Trade Technologies for various fraudulent trading and marketing operations.

How many victims did the AutoTrade Gold scheme affect?
Initial investigations identified 141 local victims who lost approximately 15 billion IDR (971,

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