Scheme tied to the Creators Alliance kingpin charged defrauded over 100 victims in St Lucia.
CASTRIES, St Lucia — Electra Fernand, identified by investigators as the alleged mastermind of the Creators Alliance Ponzi scheme, has been charged with operating a virtual asset business without a license. Authorities say the unregulated investment operation defrauded more than 100 people across St Lucia.
RSLPF confirms details in video statement
In a video statement released this week, the Royal Saint Lucia Police Force outlined the scope of the probe, which began in April when investigators uncovered that Creators Alliance was operating outside the law. The Major Crimes Unit, working with the Financial Intelligence Authority (FIA) and other branches, conducted multiple raids, detained individuals, and seized electronic devices central to the case.
“The months-long probe into the alleged Ponzi scheme has led to the arrest and charging of a major player,” police confirmed. “Detectives revealed that 118 people had deposited money into accounts, but only 35 received returns. Members of the public are again being urged to be cautious and avoid putting their money into unregulated investments.”
Electra Fernand was arrested on Sept. 29 and later appeared in court, where she was formally charged. She was granted bail of $7,000 cash or surety and is scheduled to return for case management on Nov. 12, 2025.
Financial crimes crackdown intensifies
The case comes amid a wider crackdown on Creators Alliance operations across the Caribbean. Earlier this year, residents reported investment losses tied to the scheme, sparking calls for enforcement. In September, police confirmed that a Creators Alliance kingpin was arrested in Grenada in connection with the same network. Authorities also carried out a crackdown on suspected agents in St Lucia, leading to several detentions.
Officials warn on pyramid selling
The Financial Intelligence Authority (FIA) and Royal Saint Lucia Police Force (RSLPF) continue to caution the public against online investment offers. They noted that schemes like Creators Alliance typically promise quick, high returns but leave most participants at a loss.
Under Section 126 of the Consumer Protection Act, pyramid selling is a criminal offence punishable by fines of up to $5,000 or imprisonment for up to two years.
Strengthening enforcement framework
Superintendent Troy Lamontagne said the police and the Financial Intelligence Authority (FIA) have reaffirmed their commitment to tackling financial crime through joint operations and intelligence sharing.
“A decision was also taken to review and make recommendations to amend key provisions of the Proceeds of Crime Act to allow for more efficient use of civil recovery provisions,” Lamontagne said.
Authorities stressed that vigilance remains critical. Citizens are encouraged to report suspicious activities to prevent communities from being exposed to fraudulent practices.
The charging of Electra Fernand marks a major breakthrough in the Creators Alliance investigation and underscores St Lucia’s broader effort to strengthen defenses against financial exploitation.
For breaking updates on financial crime investigations and other top stories, follow Unitedpac St Lucia News.
