Complaints made in US, Singapore against local firm that promised quick returns on crypto investments

Lee Dalton (centre), identified on the firm’s now-defunct website as its founder and chief executive, with co-founder Richmond Ray Gonzales (right) and marketing manager Reid Fletcher. - PHOTO: INVESABLEAI/INTERNET ARCHIVE via The Straits Times/ANN

SINGAPORE (The Straits Times/ANN): A Singapore-registered firm is under investigation after allegedly failing to pay investors who have pumped money into its cryptocurrency investment schemes.

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).