World · East Asia & Pacific · 1 hr ago
Jakarta police stop crypto fraud investigation involving Timothy Ronald
Jakarta police stopped investigating allegations against crypto influencer Timothy Ronald after a case review found no criminal offense.
The case began after people complained in January 2026 that they had lost money following crypto trading recommendations shared through the Akademi Crypto platform.
Complainants say they joined the platform and followed recommendations, including one involving the $MANTA token, after seeing claims of potential returns of 300 to 500 percent.
One complainant, Younger, says he lost Rp 3 billion, while a lawyer for complainants says around 4,000 people may have lost a total of Rp 300 billion to Rp 400 billion; those figures are claims, not a police finding.
The investigation's end means police will take no further action on this complaint based on their conclusion that no crime occurred.
The sources do not say whether complainants plan to challenge that decision or pursue another route.
Jakarta police stopped the investigation into alleged crypto trading fraud involving influencer Timothy Ronald after concluding that no criminal act had occurred.
The case followed a report filed with the Jakarta Metropolitan Police on 9 January 2026.
Complainants said they joined Ronald’s Akademi Crypto and followed crypto trading recommendations that they said led to losses.
One complainant, Younger, said he lost Rp 3 billion.
A lawyer for complainants said about 4,000 people may have been affected and estimated recorded losses at Rp 300 billion to Rp 400 billion.
- Who
- Jakarta police investigated Timothy Ronald, an influencer, after a complaint by Younger.
- What
- Police stopped the investigation into alleged crypto trading fraud, finding no criminal act.
- When
- The report was filed on 9 January 2026. Police held a case review on 14 September 2026 and stopped the investigation.
- Where
- Jakarta, at the Jakarta Metropolitan Police.
- Why
- Police concluded there was no criminal act. Complainants said they suffered losses after following crypto trading recommendations.
Jakarta police
Complainants
Finding
Jakarta police
Police concluded there was no criminal act and stopped the investigation.
Complainants
Complainants alleged fraud and said they incurred losses after following trading recommendations.
Reported impact
Jakarta police
The investigation was stopped after a case review.
Complainants
A lawyer for complainants said about 4,000 people may have been affected and estimated recorded losses at Rp 300 billion to Rp 400 billion.
A report against Timothy Ronald was registered with the Jakarta Metropolitan Police.
Lawyer Jajang said recorded losses were around Rp 300 billion to Rp 400 billion.
Police held a case review and concluded there was no criminal act.
Detik reported that police had stopped the investigation.
- Report number
- LP/B/227/I/2026/SPKT/POLDA METRO JAYA
- Complainant
- Younger
- Younger’s claimed loss
- Rp 3 billion
- Estimated recorded losses
- Rp 300 billion to Rp 400 billion
- Case review
- 14 September 2026
What people are saying
I was tempted by his lifestyle, the way he showed off, getting rich quickly from crypto and buying luxury cars at a young age.
The losses currently recorded have reached around Rp 300-400 billion.