Continuing the tradition of Asian-run Ponzi schemes intertwining themselves with lavish displays of ceremony, USFIA recently held a “jewelry queen pageant” in Singapore.

Present at the event appears to be someone of significance who, following in the footsteps of John Wuo before him, handed out oversized checks for hundreds of thousands of dollars to USFIA’s top GemCoin investors:

USFIA’s guest of honor also awarded GemCoin investors (Wang Wei and Lionel Wong pictured) with some sort of certificate:

The large text on the award reads “piagam penganugerahan”, which is Malay for “charter award”.

The specifics of USFIA’s pageant, such as when it was held or where, are unclear. What we do know though is that it was primarily billed as an Ammine event.

Ammine is purportedly based in Dominican Republic and is believed to be used by USFIA to launder
GemCoin Ponzi
funds through.

Curiously, USFIA principal Steve Chen was nowhere to be seen at the event.

Perhaps the
FBI investigation into USFIA and GemCoin
has him avoiding airports?

Anyone from Arcadia recognize any locals in the crowd, or was this strictly an “offshore investors” event?

I spotted the Chinese and Vietnamese ([8:26]) flags draped from the second story of the venue in background shots… presumably there were others too.

🤖 Quick Answer

What is USFIA's connection to Ponzi schemes and pageant events?
USFIA, an Asian-run operation, organized a "jewelry queen pageant" in Singapore where high-value checks were distributed to top GemCoin investors. The event featured oversized payments and certificate awards, continuing patterns associated with fraudulent investment schemes that combine lavish ceremonies with financial operations.

What does "piagam penganugerahan" mean in the context of USFIA's awards?
"Piagam penganugerahan" is Malay terminology translating to "charter award." USFIA presented these certificates to GemCoin investors, including Wang Wei and Lionel Wong, as official-appearing documentation accompanying monetary bonuses at the Singapore pageant event.

What is Ammine's relationship to USFIA's activities?
Ammine purportedly served as the primary organization billing and organizing

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