As Ponzi schemes and get-rich-quick ploys evolve, authorities are sounding the alarm on yet another suspicious platform, Winvest, amid lingering fallout from the widespread Creators Alliance scam.
The Royal Saint Lucia Police Force (RSLPF) is urging the public to exercise extreme caution after detecting the resurgence of Winvest, a platform promising unrealistically high returns on cryptocurrency investments.
Joshua Cammie, head of the RSLPF’s ICT Unit, highlighted the scheme during a recent press briefing.
“In addition to what we’ve seen recently with Creators Alliance, we’ve seen new scams coming up, one of which is Winvest, which focuses on giving you interest rates that are too good to be true,” Cammie said.
“In a seven-day period, it offers you a 20 per cent interest on crypto investment and a 40 per cent interest in 14 days.”
Winvest, linked to multiple entities, has long been flagged as fraudulent. As far back as 2022, reports tied the platform to Darwin Sarte, a founder accused of running unregistered investment operations.
By 2023, the Philippines’ Securities and Exchange Commission warned that Winvest falsely claimed ties to Binance Futures Trading while operating illegally. Scamdetection tools also rank its website as high-risk.
”If it sounds too good to be true, it may be too good to be true,” Cammie said. “So with this advice, if you are pleased with any offers, please do your investigation. There is information online. Validate before you spend any money.”
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