Electra Fernand charged with seven counts of money laundering in Creators Alliance probe

The FIA has charged Gros Islet resident Electra Fernand with seven money laundering counts totalling $1.06M, linked to the collapsed Creators Alliance scheme.

New money laundering charges filed in Creators Alliance investigation

The Financial Intelligence Authority (FIA) has charged Electra Fernand, of Massade, Gros Islet, with seven counts of money laundering involving approximately $1.062 million, St Lucia Times reports — more than a year after the Creators Alliance investment scheme collapsed.

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

The new charges are separate from earlier proceedings. In May 2025, Fernand and five others were charged with operating a virtual asset business without a licence under the Virtual Asset Business Act. The FIA said one of those five individuals pleaded guilty in May 2026; the remaining four, along with Fernand, are on bail awaiting trial on those earlier charges.

The seven new money laundering counts stem from a continuing FIA inquiry into alleged financial crimes connected to Creators Alliance. That investigation ran parallel to the 2025 licensing case before producing the fresh charges against Fernand.

Background to the scheme

Creators Alliance began attracting investors in Saint Lucia and elsewhere in the Caribbean from around June 2024. Participants paid for packages and were promised returns for uploading and creating videos on the platform. Some early investors reported receiving payments during the initial phase.

By early 2025, however, payouts stalled. The platform subsequently shut down, leaving investors without access to the funds they had deposited. The FIA described Creators Alliance as "believed to have been a pyramid-style investment opportunity," adding that its collapse caused significant financial losses for thousands of investors across Saint Lucia and the wider Caribbean.

Penalties and public warning

Under the Money Laundering (Prevention) Act, a conviction 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 renewed its warning to the public to exercise caution before committing money to unregulated or unauthorised investment schemes. The authority encouraged prospective investors to seek independent professional advice and to confirm that any investment entity is legitimately licensed before handing over funds.

Source: St Lucia Times