Ronald Aai

Add Comment Or Review Blow The Whistle Submit Anonymous Tip

Quick summary on Ronald Aai

Ronald Aai’s Cloud Token: Another Crypto Ponzi Fraud: Cloud Token, launched by Ronald Aai and Daniel Csokas, followed the same fraudulent playbook as the infamous PlusToken scam. Promising 6-12% monthly returns, it lured investors with false claims of AI-driven crypto trading. In reality, it was nothing more than a Ponzi scheme, using new investments to pay existing members until the inevitable collapse.

Unregistered Securities and Deceptive Operations: Cloud Token operated illegally, failing to register with financial regulators in the U.S., Malaysia, and Singapore. The so-called Jarvis and Hal trading bots—allegedly generating profits—had no verifiable existence, and no third-party audits were conducted. Aai and his team provided no transparency, raising red flags about the true nature of the scheme.

Investor Losses and Aai’s Sudden Disappearance: When Cloud Token stopped payouts in 2019, investors were left empty-handed. Meanwhile, Ronald Aai fled Singapore for Malaysia, avoiding legal repercussions. His exit mirrored the classic Ponzi scheme playbook—vanishing with the funds while leaving victims to suffer financial ruin.

Aai’s History of Shady Ventures: Before Cloud Token, Aai was involved in questionable tech startups. His reputation is stained by a history of unverified claims and fraudulent projects. Cloud Token was just another name in a long list of schemes designed to deceive investors.