I received an email this morning from SP Ting, seeking to distance Snap Innovations from Torque Trading.

This promoted me to ask…
who is Snap Innovations?

I’d seen Snap Innovations mentioned in the comments of our Torque Trading collapse articles.

Seeing as the scam had collapsed and admin Bernard Ong was MIA, I didn’t see any point retrospectively looking into it.

The out-of-the-blue email from Ting Shang Ping, AI Research at Snap Innovations, changed that.

On their website Snap Innovations describes itself as
‘an Artificial Intelligence, Blockchain, Financial Trading & Technology Solutions company.’

We help you achieve your investment goals, based on individual risk preferences, through a wide range of investment products accessible anytime, anywhere.

Our products range from Broker Solutions, Trader Solutions and Crypto.

No specifics are provided. Nor is there any pricing available.

Longtime reader Semjon has already connected the dots between Snap Innovations and Torque Trading, so we’ll rely on his research next.

Key players
connecting Snap Innovation to Torque Trading
are:

Bernard Ong – only known Torque Trading admin

Zee Wu – Torque Trading CTO

James Teo – Torque Trading CIO

Jackson Png – Torque Trading CMO

Here are their Snap Innovations alter-egos:

Bernard Ong – Director, Snap Innovations

Zee Wu – Director, Snap Innovations Vietnam

James Teo – AI, Banking Mentor Snap Academy

Jackson Png – Director, Snap Innovations

With that information in hand, here’s the laughable email TS Ping sent me this morning;

It has been brought to our attention that there are certain parties attempting to seek restitution from Torque Group due to a notification in sufferred [sic] trading losses.

The shareholder(s), director(s) and employees of Snap Innovations Pte. Ltd. are neither shareholder(s), director(s) or involved in the decision making or management of Torque Group.

We would like to caution the general public and state categorically that Snap Innovations Pte. Ltd. have not authorised any personnel(s) or entities to solicit funds from the general public.

Our company takes a serious view of such falsehoods.

How are you going to pretend Snap Innovations had nothing to do with Torque Trading when half your executive team were involved?

Since Torque Trading’s collapse, Snap Innovations has scrubbed Bernard Ong, Zee Wu and James Teo from their website.

Jackson Png is still up, which we can only assume is an oversight.

And this isn’t even Snap Innovations’ first MLM Ponzi rodeo.

Back in December 2019 Semjon linked Snap Innovations to
Cloud Token
.

Following
Cloud Token’s October 2019 collapse
, Snap Innovations
pulled the same
“we have nothing to do with the Ponzi scheme we’re in bed with” routine.

We would like to inform that Ribbonsotc.com is owned by Firstcube Sdn Bhd, and Snap Innovations is only providing the technological aspects of an P2P OTC platform.

Kindly note that we do not manage, operate or provide any form

🤖 Quick Answer

What is Snap Innovations?
Snap Innovations is a company specializing in Artificial Intelligence, Blockchain, Financial Trading, and Technology Solutions. According to its website, the company offers investment products and services designed to help clients achieve their investment goals based on individual risk preferences, with products accessible through multiple platforms and channels.

Why did Snap Innovations distance itself from Torque Trading?
Snap Innovations sought to distance itself from Torque Trading following the collapse of the Torque Trading scheme, which was identified as a Ponzi scam. The company's representative, SP Ting, sent communications to clarify any potential association with the failed investment operation and its administrator Bernard Ong.

How was Snap Innovations connected to Torque Trading?
Snap Innovations was mentioned in discussions and comments related to Torque Trading collapse articles. The specific nature of the connection between the two entities was

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