HyperFund securities fraud warning issued in New Zealand
HyperFund has received a securities fraud warning from New Zealand’s Financial Markets Authority.
As per the FMA’s 30th September warning;
HyperFund operates on a Multi-Level Marketing (MLM) model and claims to offers passive investment opportunities.
We have received reports of them recruiting affiliate investors in New Zealand.
It is not registered or licensed to provide financial services/products in New Zealand.
This is the equivalent of a securities fraud warning in other jurisdictions.
HyperFund is a reboot of the collapsed HyperCapital Ponzi scheme. Both scams are run by Ryan Xu under the “HyperTech” umbrella.
Xu has ties to Australia and south-east Asia. His current whereabouts are unknown.
In addition to New Zealand, the UK and India have also initiated regulatory action against HyperFund.
Alexa currently ranks top sources of traffic to HyperFund’s website as the US (32%), Canada (11%) and India (8%).
BUH MUH BLOCKCHAIN!
I dont understand why and how these sort of ponzi scammers easily getaway. I am sure authorities understand more than most of us that these sorts of scammers are scamming many ordinary people.
i know personally, many of my freinds are already invested huge hard earned money … only i wish them good luck. i could not convince them this is PONZI SCAM!!!