Fahrenheit Trading Robot Case Losses Reaches IDR 480 Billion

Director of Special Economic Crimes of the National Police Bareskrim Brigadier General Whisnu Hermawan/PHOTO: Rizky Adytia-VOI

JAKARTA - The Criminal Investigation Unit of the National Police recorded 550 people as victims of the fake trading robot Fahrenheit case. The total loss reached IDR 480 billion.

"More or less the loss reached IDR 480 billion", said Director of Special Economic Crimes at the Indonesian National Police, Brigadier General Whisnu Hermawan, to reporters, Thursday, April 7.

From the process of investigation, the Fahrenheit trading robot does not have permission from the relevant authorities. Fahrenheit uses a Ponzi scheme.

A Ponzi scheme is a fraudulent investment mode with the pattern of paying investors profits from their own money or money paid out by subsequent investors, not from the profits made by the individuals or organizations that run these operations.

"It turned out that after the investigation it was not licensed. Then there was a fixed profit of 1 day 1 percent, a maximum of 25 percent. The third one, after we investigated the scheme, was a Ponzi scheme", said Whisnu.

In this case, the Criminal Investigation Unit of the National Police has arrested Hendry Susanto, who is the Director of PT FSP Academy Pro or the company that oversees the trading robot.

Hendry Susanto is suspected of being the mastermind in the Fahreinhet trading robot case. He is a director in the company structure.

In addition, four other people have been arrested with the initials D, ILJ, DBC, and MF. However, their arrest was made by Metro Jaya Police.