InvesableAI and the scammers behind it are under investigation in Singapore.

As
reported by the Straits Times
on March 24th;

Reports have been filed against InvesableAI with the Singapore police, and with the United States Federal Bureau of Investigation (FBI) and Securities and Exchange Commission (SEC).

In response to queries, a Corporate Regulatory Authority (Acra) spokesperson said: “Acra is unable to comment due to ongoing investigations.”

Meanwhile, the FBI and SEC said they could neither confirm nor deny that they were investigating the matter.

InvesableAI
pitched investors on up to 150% over 25 days. The Ponzi scheme, hidden behind a typical AI trading bot ruse,
collapsed
in September 2023.

Heading up InvesableAI were Lee Dalton, an Australian national based out of Malaysia, and Richmond Ray Gonzales, a Singapore national based out of Singapore.

Dalton and Ray were assisted by InvesableAI’s Marketing Manager Reid Alan (aka Reid Fletcher), a US resident based out of Virginia.

Since InvesableAI’s collapse, Dalton, Ray and Alan have all gone underground.

Pending the conclusion of ongoing investigations, total InvesableAI losses remain unknown.

🤖 Quick Answer

What is InvesableAI and why is it under investigation?
InvesableAI is a fraudulent investment scheme operating as an AI trading bot that promised investors returns up to 150% over 25 days. The Ponzi scheme collapsed in September 2023 and is currently under investigation by Singapore police, the FBI, and the SEC following reports filed by victims and authorities.

Who were the operators behind InvesableAI?
InvesableAI was headed by Lee Dalton, an Australian national based in Malaysia. The scheme involved multiple scammers who orchestrated the fraudulent investment platform and misappropriated investor funds through false promises of extraordinary returns.

What regulatory response has been initiated regarding InvesableAI?
Multiple authorities are investigating InvesableAI, including Singapore's Corporate Regulatory Authority (Acra), the United States Federal Bureau of Investigation

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