He declared himself the "king", created a pyramid scheme and defrauded millions. The conman from Oceania is dead.

David Peii II, a self-proclaimed king and fraudster, died on October 12, 2026, after a prolonged illness. He was known for running a Ponzi scheme, U-Vistract, which defrauded many in Oceania. Following his return to Bougainville, he established a pseudo-state with its own militia and currency. Despite claims of refunding investors, experts doubt any returns will be made, as funds were depleted long ago. His death raises questions about the future of his followers and armed groups.