![Electra Fernand [Photo credit: RSLPF]](https://thevoiceslu.com/wp-content/uploads/2025/10/Electra-Fernand.jpg)
The Major Crimes Unit conducted a thorough investigation and surveillance over three months, leading to the arrest of Electra Fernand, 52, from Vide Bouteille, Castries, on September 29 for operating a virtual asset business without a license.
In April, the Major Crimes Unit, in collaboration with the Financial Intelligence Authority (FIA) and other investigative entities, launched investigations into Creators Alliance, an unregulated virtual asset operation engaging in fraudulent activities.
Preliminary findings confirmed that Creators Alliance was functioning as a Ponzi scheme.
Investigators found that numerous merchants in Saint Lucia were acting as agents for the company without the necessary licenses to conduct online financial transactions.
During the investigation, coordinated operations were conducted at various agent locations. Multiple individuals were arrested on suspicion of operating a virtual asset business unlawfully.
Electronic devices were seized, and the suspects were released pending further inquiries. Evidence revealed that 118 individuals deposited funds into Fernand’s account, yet only 35 received returns from Creators Alliance.
Fernand has been formally charged and appeared in court, where she was granted bail of XCD $7,000, either in cash or with an approved surety. She is scheduled to return to court on November 12 for case management.
The Association of Certified Anti-Money Laundering Specialists (ACAMS) identifies Creators Alliance as a fraudulent crypto platform that defrauded over 1,000 people across the Caribbean, exploiting lax AML controls.
ACAMS is the largest international membership organization for Anti-Financial Crime professionals and is committed to ending financial crime through thought leadership and continuing professional education.
The Securities Commission of the Bahamas has flagged Creators Alliance as an organization based in California, USA.
Information suggests the company engages in marketing through purported promotional videos with varying content. However, investigations confirm that the entity operates a multi-level structured program, recruiting individuals at various levels.
Recruiters receive income based on the size of their recruitment. To participate, each person must invest a sum of money (the purchase price) for six to seven months.
During this “investment period,” individuals are falsely promised daily income simply for watching videos, with assurances they will receive their initial investment back at the end of the term. This operation mirrors the characteristics of a pyramid scheme, classified as a Financial Scheme under the Financial and Corporate Service Providers Act, 2020, rendering Creators Alliance unlawful in this jurisdiction.
The Royal Saint Lucia Police Force strongly urges the public to exercise caution when engaging in online investments or virtual asset opportunities, especially those not regulated by national law.
Furthermore, the RSLPF, in collaboration with the Financial Intelligence Authority (FIA), is committed to tightening the legal and enforcement framework against financial crimes.
Superintendent Troy Lamontagne confirmed a renewed commitment to pursue proceeds-of-crime matters vigorously and enhance intelligence sharing. He stated that a review will be conducted to amend key provisions of the Proceeds of Crime Act for more efficient civil recovery processes.
Joint operations and investigations will be prioritized to bolster Saint Lucia’s defenses against financial crime. Authorities demand that citizens remain vigilant and report any suspicious activities that may expose vulnerable communities to financial exploitation.
R.A.