The Singaporean authorities have issued a warning regarding investment arrangements resembling a pyramid scheme, known as the “Nanning scheme.” This alert follows the recent arrest and detention of 52 Singaporean citizens in China. They are suspected of involvement in pyramid scheme activities and associated criminal offences. The Singapore Investment Authority (SIAS) is cautioning investors to be wary of such arrangements. Details surrounding the scheme remain limited, but officials emphasize the high risks associated with pyramid schemes, which typically promise high returns with little to no legitimate investment. Authorities urge Singaporeans to exercise extreme caution and conduct thorough due diligence before participating in any investment opportunities, particularly those offering unusually high profits. Further investigation is underway to determine the full extent of the scheme and assist those affected.