$1.06M at centre of new charges in Creators Alliance case

More than a year after Creators Alliance collapsed, the investigation into the scheme has taken another turn, with the Financial Intelligence Authority (FIA) charging Electra Fernand of Massade, Gros Islet, with seven counts of money laundering involving approximately $1.062 million.

The new charges stem from an ongoing FIA investigation into alleged money laundering activity connected to Creators Alliance.

Fernand appeared in the First District Court on Wednesday and was granted bail.

She was previously charged in May 2025 with operating a virtual asset business without a licence, contrary to the Virtual Asset Business Act. Five others were also charged with the same offence at the time.

According to the FIA, one of those individuals pleaded guilty in May 2026. The remaining five, including Fernand, are on bail awaiting trial on the 2025 charges.

Separate from that case, the FIA continued investigating alleged money laundering activity associated with the scheme. That investigation led to the seven new charges against Fernand.

Creators Alliance had attracted investors in Saint Lucia and elsewhere in the region from around June 2024. People paid for packages and were promised returns for creating and uploading videos, with some early investors reporting that they had made money from the platform.

By early 2025, however, the picture had changed. Payments stalled and the platform eventually shut down, leaving investors unable to recover money they had put into the scheme.

The FIA said Creators Alliance was “believed to have been a pyramid-style investment opportunity” and its collapse resulted in significant financial losses for thousands of investors in Saint Lucia and across the Caribbean.

Under the Money Laundering (Prevention) Act, the FIA said, the offence carries a maximum penalty of up to $1 million in fines and/or imprisonment for up to 15 years.

Following the latest charges, the FIA again warned the public to exercise caution before putting money into unregulated or unauthorised investment schemes.

It also encouraged people to seek independent professional advice and verify that an investment entity is legitimate and properly licensed before handing over their money.

The article $1.06M at centre of new charges in Creators Alliance case is from St. Lucia Times.