NASSAU, BAHAMAS – The Securities Commission of The Bahamas (SCB) confirmed yesterday that it has launched an investigation into Creators Alliance amid growing concerns that the platform, which promotes itself as a short video content creation and distribution service, may be operating as a scam after users reported that payouts had ceased.
Reports indicate that similar entities under the name Creators Alliance in St. Lucia and Puerto Rico have also stopped making payments, with participants is those countries said to now be searching for their managers, with some alleging identity theft and other fraudulent activities.
The SCB confirmed to Eyewitness News: “We are aware and are actively investigating.”
Creators Alliance markets itself as a platform for video content creation, promising lucrative returns for those who “invest” in its packages. According to the company’s website: “We are the world’s leading short video content creation and distribution platform, adhering to the mission of ‘Let the world see more beautiful.’ The platform mainly provides copyright business operation services, content promotion services, content distribution services, AI-intelligent advertising services, etc. It is committed to providing users with a simple, fast, efficient, and high-value content open platform.”
Social media activity suggests that Creators Alliance has been operating in The Bahamas for several months. While some users claim to have successfully withdrawn their initial investments, in addition to subsequent withdrawals others remain skeptical, with many expressing concerns over the legitimacy of the operation. The platform appears to have been to have been founded in 2020, at least in its current iteration.
The Royal Bahamas Police Force confirmed yesterday that it has launched an investigation into allegations that Creators Alliance is a suspected Ponzi scheme. Chief Superintendent Sharea King stated that authorities are actively gathering information and urged affected individuals to come forward.
In response to the growing concerns, Shiro Hing, a manager of Creators Alliance, issued a statement seeking to reassure users: “I want to take a moment to clear up any concerns that have arisen over the past few hours. Creators Alliance has not crashed. Instead, we have made an elaborate shift to a new system that will greatly enhance security, efficiency, and overall user experience. Earlier today, I had a conversation with our Founder, Mark Eddo, regarding these changes. He reassured me that this transition was a necessary step in strengthening the platform and ensuring long-term sustainability for all members. While we understand that this shift may have caused temporary disruptions, please know that this was all part of a carefully planned upgrade. We sincerely apologize for any inconvenience this may have caused. Rest assured that all salaries will be processed and received within the next few hours as final adjustments to the system are completed. We appreciate your patience, trust, and commitment to Creators Alliance. If you have any questions or need assistance, our support team is available to help.”
