A 52-year-old woman from Vide Bouteille, Castries, Electra Fernand, has been formally charged with operating a virtual asset business without the appropriate licence, in connection with activities linked to the controversial Creators Alliance scheme.
The charge follows months of investigation by the Royal Saint Lucia Police Force’s Major Crimes Unit, supported by the Financial Intelligence Authority and other investigative bodies. The probe, which began in April 2025, centred on a virtual asset operation known as Creators Alliance, later determined to be functioning as a Ponzi scheme.
According to police, several local merchants were acting as unlicensed agents for the platform, conducting online financial transactions on behalf of others. As part of the investigation, several individuals were arrested at various agent locations and had electronic devices seized. They were subsequently released pending further inquiries.
One of those agents, Electra Fernand, was arrested on September 29, 2025, on suspicion of operating a virtual asset business without a licence. Investigators found that 118 individuals had deposited funds into Fernand’s account for investment in Creators Alliance. Only 35 of those individuals reportedly received returns.
Fernand was formally charged and granted bail in the sum of EC $7,000.00, either in cash or by suitable surety. She is scheduled to appear before the court on November 12, 2025, for a case management hearing.
Police continue to warn the public about the risks of investing in unregulated online ventures, urging individuals to conduct thorough due diligence and exercise caution before engaging in such activities.
So what about the one that selling Vigie and dem…the ones that were dere before CA…they get away scott-free?