Investor Fraud Alert

Alena Pak (Amata) — Mastermind of the $370,000 Oceanspire Residence Investment Fraud

Alena Pak (full name: Alena Mikhailovna Pak, alias Amata) and her son Mikhail Alekseevich Pak orchestrated the theft of $370,000 USD from investors through a sham luxury development named Oceanspire Residence on the island of Bali, Indonesia.

The funds were raised from private investors on the promise of building premium apartments in the Sanur area. The corporate vehicle was PT Kristal Estate Development, registered in Bali in 2023. After collecting the money, the individuals behind the scheme shut down all operations, left Indonesia, and are currently believed to be residing in Dubai, UAE. No construction ever took place. Victims and witnesses are being sought to assist in establishing the full circumstances of the case.

How the scam worked I am a victim

Warning: this page contains established facts about the actions of Alena Mikhailovna Pak (Amata) and her son Mikhail Alekseevich Pak. The purpose is to warn potential victims and gather evidence for justice.

Key Facts of the Case

A case-file summary of the Oceanspire Residence fraud scheme. All data is locked to the source materials.

Mastermind Alena Mikhailovna Pak (Amata), born Sept 8, 1978
Accomplice Mikhail Alekseevich Pak, born Mar 15, 1999
Legal entity PT Kristal Estate Development (Bali, 2023)
Fraud project Oceanspire Residence (Sanur, Bali)
Stolen $370,000 USD
Land parcel 0.435 ha, Sanur, Bali — remains vacant
Construction Never started
Believed location Dubai, UAE
Showcase website oceanspire-residence.com

The Fraudsters: Mother and Son

The organisers of the financial con are Alena Mikhailovna Pak and her son Mikhail Alekseevich Pak. They left Indonesia after collecting the money and are believed to be hiding in Dubai, UAE.

Alena Mikhailovna Pak (Amata) — photo of the fraud mastermind
Mastermind

Alena Mikhailovna Pak (Amata)

  • Full name: Alena Mikhailovna Pak
  • Alias: Amata
  • Date of birth: Sept 8, 1978
  • Role: CEO, PT Kristal Estate Development
  • Status: Fraudster, fugitive from justice
  • Believed hiding in: Dubai, UAE

Alena Mikhailovna Pak, also known as Amata, is the Chief Executive Officer and lead organiser of a fraudulent investment scheme operated through PT Kristal Estate Development, an Indonesian company based in Bali. Her method: raising capital for construction projects that were never intended to be built. The documented case involves the Oceanspire Residence project in Sanur, Bali, where investors collectively lost $370,000 USD. Together with her son, she abandoned all obligations to investors.

Mikhail Alekseevich Pak — photo of the fraud accomplice
Accomplice

Mikhail Alekseevich Pak

  • Full name: Mikhail Alekseevich Pak
  • Date of birth: Mar 15, 1999
  • Relationship: Son of Alena Pak
  • Role: Co-founder, PT Kristal Estate Development
  • Status: Fraudster, hiding with his mother
  • Believed hiding in: Dubai, UAE

Mikhail Alekseevich Pak is the Co-Founder of PT Kristal Estate Development and son of Alena Pak. He participated in the company's fraudulent activity and left Bali together with his mother, leaving victims without their money or any explanation. His current whereabouts: believed to be Dubai, United Arab Emirates.

The Scheme: Three Stages of the Con

The Oceanspire Residence fraud relied on creating the illusion of a legitimate business, collecting funds, and disappearing. All facts are documented.

Corporate and Promotional Setup

Registration of PT Kristal Estate Development in Bali (2023). Lease of a 0.435-hectare land parcel in Sanur. Launch of a showcase website — oceanspire-residence.com — to present the fictitious project to prospective investors.

A registered company, a real land parcel and a polished website created a false impression of a serious developer. This is how experienced con artists operate: fraudsters invest in packaging to steal far more later.

Fundraising

Collection of $370,000 USD from private investors under the pretence of constructing a luxury residential complex called Oceanspire Residence. Investors were promised premium apartments in a prime resort area of Bali.

Victims trusted the scammers because the scheme looked credible: leased land, presentations, personal meetings with the CEO. In reality it was a straightforward con: money was collected with no intention of fulfilling obligations.

Misappropriation and Disappearance

The funds were misappropriated. All company activity ceased. The perpetrators left Indonesian territory and relocated to Dubai, UAE. No obligations to investors were honoured. No construction work was ever carried out.

A classic rip-off: take the money and flee to another jurisdiction. According to available information, the fraudsters are in Dubai; their exact location is unknown, and contact with victims has been cut.

Red Flags: How to Spot Investment Fraud

Based on the facts of the Oceanspire Residence case, these are the characteristic signs of investment fraud. If you recognise several of them, stop all negotiations immediately and demand independent verification.

Glossy storefront, zero delivery

The project had all the outward attributes of a legitimate business: PT Kristal Estate Development, a leased 0.435-hectare plot in Sanur, a professional website with renders. Yet no construction work was ever carried out.

Red flag: expensive presentation with absolutely no real construction activity is a clear sign of a scam.

No independent verification

Victims were shown only materials produced by the fraudsters themselves: the website, renders, company documents. Independent confirmation of construction, contractor agreements and permits was absent.

Red flag: all information comes exclusively from the organisers — you are likely dealing with potential fraudsters.

Communication cut off after fundraising

After collecting $370,000 USD, Alena Pak and Mikhail Pak ceased contact with investors and left the country where the company was registered.

Red flag: sudden disappearance of management, a change of jurisdiction and unavailability after collecting funds is the behaviour of swindlers.

Vacant construction site

The Sanur plot leased for Oceanspire Residence remains empty. No construction work — not even preparatory — was ever carried out.

Red flag: the advertised project never leaves the presentation stage while the site shows no activity. It means the money has been stolen.

Timeline of the Fraud

How the Oceanspire Residence con developed, from company registration to the flight to Dubai.

2023

Creating the false infrastructure

Registration of PT Kristal Estate Development in Bali. Lease of a 0.435-hectare plot in Sanur. Launch of the showcase website oceanspire-residence.com with architectural renders.

2023–2024

Collecting money from victims

Active fundraising under the promise of building Oceanspire Residence. The fraudsters stole $370,000 USD from private investors.

2024–2025

Shutdown and flight

Company activity ceases. Construction never begins. The fraudsters leave Bali, leaving victims without their money or any explanation.

2025–2026

Hiding in Dubai

Alena Mikhailovna Pak and Mikhail Alekseevich Pak are believed to be in Dubai, UAE. The Sanur plot remains vacant. Victims and witnesses are being sought.

Everything You Need to Know About the Fraudsters

Answers to key questions about Alena Mikhailovna Pak (Amata), Mikhail Alekseevich Pak and the Oceanspire Residence scheme.

Who is Alena Pak (Amata) and what is she accused of?

Alena Mikhailovna Pak (born Sept 8, 1978) is the CEO of PT Kristal Estate Development, a company registered in Bali, Indonesia. She also goes by the name Amata. She is accused of orchestrating a scheme that raised $370,000 USD from investors for a fictitious luxury development — Oceanspire Residence — in Sanur, Bali. Together with her son Mikhail Pak, she abandoned all obligations and is believed to be hiding in Dubai, UAE.

What is the Oceanspire Residence scam?

In 2023, PT Kristal Estate Development was registered in Bali. A 0.435-hectare plot was leased in Sanur and a promotional website was launched. Under the guise of building Oceanspire Residence — a luxury apartment complex — $370,000 USD was collected from investors. After the money was received, all activity stopped. Construction never began. The individuals behind the scheme fled Indonesia.

Where are Alena Pak and Mikhail Pak now?

According to available information, they are in Dubai, United Arab Emirates. Their exact location is unknown. They are hiding from justice.

What company was used in the fraud?

PT Kristal Estate Development — a legal entity registered in Bali, Indonesia, in 2023. It was used as the vehicle to solicit investor funds for the Oceanspire Residence project.

I was defrauded by PT Kristal Estate Development. What should I do?

Contact us at the form in the Contact section. Strict confidentiality is guaranteed. Anonymous tips are accepted. Any information you provide will assist in establishing the facts of the case.

What other names do the perpetrators use?

Alena Mikhailovna Pak is also known as Amata. Additional name variants found in materials include: Alena Pak, Alena M. Pak, Алена Пак, Алена Пак Михайловна, Пак Алена Михайловна, Амата.

Contact

If you lost money to the scheme or have information about the perpetrators, use the form below. Confidentiality is guaranteed.

Strict confidentiality guaranteed. Anonymous submissions are welcome.