A fabricated development scheme built around a promotional website at oceanspire-residence.com, a leased 0.435-hectare plot in Sanur, Bali, and glossy materials used to extract $370,000 USD from private investors. No construction ever began; the site remains empty, and the organisers are believed to be in Dubai, UAE.
Attention: this page documents the factual record of the Oceanspire Residence project, the funds raised, and the empty Sanur site. It is intended to warn prospective investors and collect evidence.
A concise data set on the Oceanspire Residence project: the Sanur land parcel, the company behind it, the funds collected, and the current state of the site.
The scam was built from three operational layers: a legal entity, a real but unused land parcel, and a professional marketing front. The sequence below reconstructs the project mechanics from registration to disappearance.
In 2023, PT Kristal Estate Development was registered in Bali and a chief executive was installed. A 0.435-hectare plot was leased in Sanur. A promotional website was launched at oceanspire-residence.com with renderings of apartments that were never built.
The registered company, leased land, and polished website created the false impression of an active developer. In reality, the infrastructure served only as packaging to attract investor capital.
Through meetings, presentations, and the promotional website, the project was marketed as luxury apartments in Sanur. Investors transferred a total of $370,000 USD under the explicit promise that construction would begin.
Investors were persuaded by the apparent credibility of the leased land, renderings, and direct contact with the project representative. In reality, the funds were taken with no intention of building.
After collecting $370,000 USD, the organisers wound down all activity in Bali. Construction never started — there is no foundation or even preparatory work on the site. The money was not returned.
According to available information, the organisers left Indonesia and are believed to be in Dubai, UAE. Their current location is unknown and contact with investors has been cut. The pattern is consistent with a take-the-money-and-flee scheme.
Based on the Oceanspire Residence case, here are the warning signs of a fraudulent development project. If several apply, stop negotiations immediately.
Oceanspire Residence displayed all the external signs of a legitimate development: PT Kristal Estate Development, a leased 0.435-hectare plot in Sanur, a polished website, and architectural renderings. Yet more than two years after funds were raised, not a single foundation had been poured.
Warning signal: a glossy presentation with no physical construction is a strong indicator of fraud.
Investors were shown only materials produced by the project organisers: the website, renderings, and company documents. Independent confirmation of construction, contractor agreements, and permits was absent.
Warning signal: when all information comes only from the organisers, you are likely looking at a potential fraud.
After collecting $370,000 USD, the organisers stopped communicating with investors and left the jurisdiction where the company was registered.
Warning signal: the sudden disappearance of principals, a change of jurisdiction, and silence after fundraising are classic signs of a scam.
The Sanur plot leased for Oceanspire Residence remains empty. No construction work of any kind — not even preparatory — has taken place.
Warning signal: the stated construction start date has passed but the site shows no activity. This means the money has been taken.
How the Oceanspire Residence project evolved from company registration and land leasing to fundraising, abandonment, and the current empty site.
2023
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 apartment renderings.
2023–2024
Active fundraising under the promise of constructing Oceanspire Residence. The project organisers collected $370,000 USD from private investors under construction promises.
2024–2025
Company activity ceases. Construction never starts. The organisers leave Bali, leaving investors without money or explanation.
2025–2026
The company is inactive and the organisers are believed to be in Dubai, UAE. The Sanur plot remains empty. Victims and witnesses are being sought.
Two individuals administered the Oceanspire Residence project through PT Kristal Estate Development. Their names and roles are recorded below as part of the project documentation.
Alena Pak was the registered CEO of PT Kristal Estate Development and the public point of contact for Oceanspire Residence. She negotiated with investors, represented the project, and handled the funds raised for the Sanur development. After the collection of $370,000 USD, she left Bali and is believed to be in Dubai, UAE. The alias Amata appeared in the project’s promotional materials.
Mikhail Pak is listed as a co-founder of PT Kristal Estate Development and participated in the administrative setup of the Oceanspire Residence project. He left Bali together with the lead organiser after fundraising ended, leaving the site empty and investors without repayment.
Answers to key questions about the Oceanspire Residence project, the funds raised, the empty site, and how to avoid similar fraudulent developments.
Oceanspire Residence is a development concept marketed by PT Kristal Estate Development, a Bali-registered company in 2023. The project proposed luxury apartments in Sanur on a leased 0.435-hectare plot.
A total of $370,000 USD was raised from private investors under the promise of construction. Construction never started, funds have not been returned, and the organisers left Bali and are believed to be in Dubai, UAE. This is not a failed business — it is deliberate fraud.
The 0.435-hectare land parcel leased in Sanur, Bali, for the Oceanspire Residence project remains in its original condition. No construction work — including preparatory work — has been carried out on the plot. No foundation exists.
The project never moved from presentation to construction. The land parcel served only as a prop to persuade investors, while no real investment in development was made. This is one of the main pieces of evidence that the scheme was fraudulent.
The project raised a total of $370,000 USD. The money was collected from private investors for the stated purpose of financing the construction of the Oceanspire Residence residential complex in Sanur, Bali.
Investor funds have not been returned. It appears the collected money was misappropriated by the organisers rather than being used for the project. No evidence of construction expenses or contractor work exists.
The project was administered by two individuals through PT Kristal Estate Development. The lead figure was Alena Mikhailovna Pak (also known as Amata, born September 8, 1978), the company’s CEO. The co-organiser was Mikhail Alekseevich Pak (born March 15, 1999).
Both individuals left Bali after project activity ceased and, according to available information, are in Dubai, UAE. Their relocation to another jurisdiction is one of the main signs of guilt in organising the fraud.
Based on the Oceanspire Residence case, the following indicators help identify a similar scam:
If several indicators coincide, stop negotiations immediately and demand the return of your funds. Do not let the organisers keep your money.
If you transferred funds to the Oceanspire Residence project through PT Kristal Estate Development, or if you have information about the project, its company, or its organisers, contact us at the email address listed in the Contact section.
Preserve all documents confirming the transfer of funds: contracts, correspondence, and bank statements. Confidentiality is guaranteed and anonymous tips are accepted. We do not provide legal services, but we help victims find each other and pass information to the competent authorities.
Available photographs of the Sanur plot, project materials, and the individuals who administered Oceanspire Residence. Each image is documentary evidence in the case.
If you invested in Oceanspire Residence or have information about the project, its company, or its organisers, use the form below. Confidentiality is guaranteed.