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.
Xu has ties to Australia and south-east Asia. His current whereabouts are unknown.
Alexa currently ranks top sources of traffic to HyperFund’s website as the US (32%), Canada (11%) and India (8%).