HyperFund under investigation in Germany for securities fraud
HyperFund is under regulatory investigation by Germany’s Federal Financial Supervisory Authority (BaFin).
As per an announcement issued on October 19th, BaFin has categorized HyperFund as an “unauthorized business”.
The BaFin is in accordance with § 37 para. 4 German Banking Act (KWG) clear that the Hypertech Group with alleged offices in Hong Kong and Australia (has to) have permission of BaFin after the Banking Act or under the Securities Institute Act (WpIG) to conduct banking activities or provision of financial services.
The HyperTech Group is not subject to the supervision of the BaFin.
BaFin’s wording is a bit janky but that’s the equivalent of a securities fraud notice in other jurisdictions.
Providers of banking or financial services in Germany require a permit under the KWG.
However, some companies act without the required permission.
BaFin, the Federal Criminal Police Office (BKA) and the State Criminal Police Office advise consumers to be extremely careful when investing in the Internet and to research thoroughly beforehand in order to identify attempted fraud in good time.
Germany’s warning follows HyperFund securities fraud warnings issued by Guernsey, the UK and New Zealand.
Indian authorities are also reported to be investigating the Ponzi scheme.
HyperFund is a reboot of the collapsed HyperCapital Ponzi scheme. Both scams are run by Ryan Xu (aka Zijing Xu), under the “HyperTech” umbrella.
Xu has ties to Australia and south-east Asia. He is believed to have recently fled to Dubai.
Next month HyperFund is hoping to hold an unofficial event in Miami, Florida. Ryan Xu is scheduled to attend.
Update 30th October 2021 – Not sure what’s going on over at BaFin but as at the time of this update, they’ve removed access to their HyperFund securities fraud warning.
HyperFund isn’t registered to offer securities in Germany and continues to operate there illegally.
Update 4th November 2021 – A reader has provided a link to BaFin’s HyperFund notice in German. I’ve replaced the previously accessible English language link with a link to the German notice.
The guy who brought HyperFund to Germany is Jörg Wittke. I don’t think he needs introduction.
He has built huge teams in projects like Bitclub and Jubilee Ace. Now enjoying life in Dubai with all the earnings from those.
He got extremely quiet lately. That BaFin investigation might be one of the reasons for that.
Article updated with news BaFin have disabled access to their HyperFund warning.
You can find the HyperFund securities fraud warning under this link:
bafin.de/SharedDocs/Veroeffentlichungen/DE/Verbrauchermitteilung/unerlaubte/2021/meldung_211019_thehyperfund.html
Thanks for that.
its not a ponzi its a rewards membership program. Get it right!
Calling a Ponzi scheme a “rewards membership program” doesn’t make it any less of a Ponzi scheme.
Spencer, try learning some history. Look up who Charles Ponzi was and the scheme which became the trope namer.
What you call a program has nothing to do with what it does, and if your program operates like his did than it is a Ponzi Scheme no matter how much you throw a tantrum.
you obviously have no idea what a ponzi is lol.
Its when they take new members money to pay old members referral commissions. Hyper fund doesnt pay any referral commissions. They also do not accept nor do they pay anyone anything with fiat currencies like all Ponzi’s do.
Hyper fund is a private membership which offers reward bonuses to the members just like Cosco and Sams Club.
So if HF is a ponzi then so it Cocso and Sams club lol.
Take the time to educate yourself before you prejudge thing because doing so could cost you thousands. ignorance is expensive and I say that respectfully.
No, Spencer, what a company claims to do up front is not necessarily what they do behind the scenes.
Charles Ponzi used postal coupons as an excuse, Bernie Madoff used stocks I believe, and both were such illegal schemes. Hyperfund appears to have no products beyond membership, another enormous red flag to the authorities.
Remember the Amway Decision in the 1970s? In order for an MLM to remain legal in the USA, they needed to meet a certain percentage of retail (i.e. not to members) sales.
With no products that is impossible to meet. Try applying the Howey test to Hyperfund.
I strongly suspect that it will fail like a chunk of granite being dropped into a swimming pool and expected to float.
Not only does HyperFund do this, making it a pyramid scheme – what actually makes them a Ponzi scheme is using the same money, “new members money” to pay returns.
Ponzi schemes are Ponzi schemes because new investment is used to pay existing investors. Any medium can be used.
As a Costco member for well over a decade, I can confirm Costco does not let me invest and pay returns with money people after me have invested.
…
The fact that you don’t know what the products is, says a whole lot about your lack of understanding for the program lol.
The educational courses are phenomenal, and the in-house hu tokens are growing daily and once they go public all members will be extremely rewarded.
Would you like for me to invite you to one of the lives zooms so you can get true and accurate information before you bash the program any further in error? The fact that my sponsor generates over $700,000 per month for the last year speaks volume to me.
Also please know when I say $700,000 per month I don’t mean $700,000. I mean $700, 000 in HU rewards
As someone who’s covered thousands of Ponzi schemes, it’s obvious you’re new to them.
If you think you can beat math have at it. HyperFund is a Ponzi scheme and inevitably the majority of investors will lose money.
I.e. your upline is making dick. If they’re withdrawing anything, it’ll be much less.
Not that it matters, Ponzi schemes have their net-winners and net-losers. It doesn’t mean anything with respect to legitimacy.
Not interested. HyperFund’s business model is that of a Ponzi scheme. That is the accurate information.
Instead of addressing HyperFund’s fraudulent business model, we have the cliche:
“Yes HyperFund is a Ponzi scheme but me and my buddies are making numbers on a screen so we don’t care.”
Best of luck with the scamming and sorry for your loss.
You actually can invest in Costco the same way I invest in Walmart stock but I guess you wouldn’t know that.
Notice how broke folks always call everything a scam because they’re scared to try anything.
I’m generating strong seven figures every year because I know an opportunity when I see it and I’m not afraid to participate.
Investing in stock != investing in Ponzi schemes like HyperFund.
You can put the “I’m new to Ponzi schemes and how to market them” handbook down. None of that shit works here.
well if thats true this 14 plus year so called ponzi is the best paying longest lasting ponzi in history lol.
HyperTech has had two MLM crypto Ponzi schemes. HyperCapital launched on or around 2017.
HyperCapital collapsed early 2020 and was rebooted as HyperFund. HyperFund launched in mid 2020.
Also Bernie Madoff’s Ponzi scheme went on for 25 years.
This is what not doing your due-diligence and talking out of your ass looks like.
Did you misplace a comma somewhere? 14?
Lol 1,4 is more accurate.
Can’t even do a basic fact check, but tries to fact-check others.
So this cryptocurrency Ponzi scam started about 3 years before the first ever cryptocurrency was even invented.
Ryan Xu really is a genius. Everyone get out of my way so I can give him all my money.
Company isn’t all about crypto. The company on your own bank your own debit card and shopping mall and have been in business for many years.
Literally nobody in HyperFund gives a crap about anything except invest and steal other people’s money, and/or recruit gullible morons and earn commissions.
This isn’t a marketing platform. If you’re not going to address HyperFund committing securities fraud we’re done here.
Try again in English.
No, and fraud is not business either, it’s fraud.
The company isn’t based or operated out of Germany right!! Soo?
The United States has no issues w them and that’s good Enuff for me being I’m from the USA 😉
But hey today is still short sorry see what else you might can dig up LOL.
Securities fraud is illegal in the US, as it’s illegal in Germany and practically everywhere else in the world.
You’re a bit of an imbecile eh? Explains this ridiculously infantile thought pattern