A picture circulated by the Hong Kong Securities and Futures Fee in July.
A purported Vietnam-based firm that marketed itself as a health-conscious espresso funding model is on the middle of a cross-border cryptocurrency fraud investigation.
The operation, often called Enjoyable Espresso, has left a whole lot of traders in Hong Kong and Macao reporting monetary losses, whereas a joint police operation has led to eight arrests, in accordance with regional information studies and Hong Kong police.
Enjoyable Espresso claimed on its web site that it was establishing headquarters on Phu Quoc Island in Vietnam, with greater than $1 billion in property and a staff exceeding 5,000 individuals. Authorities in Hong Kong stated individuals started taking part in Enjoyable Espresso funding packages in 2025.
Hong Kong police stated their investigation discovered that the corporate generated no actual income and paid earlier traders with cash collected from later ones, a construction resembling a Ponzi scheme.
On July 13, the Securities and Futures Fee (SFC) of Hong Kong added Enjoyable Espresso GCM Tasks to its listing of suspicious funding merchandise.
Hong Kong Police Drive Headquarters. Photograph by Tksteven/Wikimedia Commons, licensed underneath Artistic Commons Attribution-ShareAlike 2.5 (CC BY-SA 2.5).
In keeping with the Hong Kong Police Drive’s Business Crime Bureau, Enjoyable Espresso instructed traders it was creating superior coffee-brewing tools, “coffee-gene” optimization expertise, and automatic irrigation and fertilization techniques.
In July, the corporate introduced plans to broaden into mainland China, claiming it had acquired a espresso plantation in Baoshan, Yunnan, whereas outlining future gross sales of roasted espresso, drip luggage, capsules and ready-to-drink merchandise.
Buyers had been instructed that cryptocurrency deposits held for longer intervals and in bigger quantities would generate larger returns, with police saying the corporate marketed annualized returns as excessive as 278%.
On July 20, the corporate’s cell app stopped functioning, traders had been unable to withdraw funds and customer support went unanswered, in accordance with a number of Chinese language information shops.
Public police studies put the registered losses at roughly HK$94 million in Hong Kong and three.6 million patacas in Macao, or roughly US$12.4 million mixed.
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Nick Brown
Nick Brown is the editor of Day by day Espresso Information by Roast Journal.
