HyperFund under regulatory investigation in India
Local media are reporting HyperFund is under regulatory investigation in India.
In a September 18th report, The Economic Times claims
agencies responsible to check financial fraud are watching a company called Hyper Fund.
Citing unnamed sources, The Economic Times states complaints from disgruntled HyperFund affiliate investors have “started pouring in (from) several states”.
India is the second jurisdiction to launch an investigation into HyperFund.
The UK’s FCA issued a HyperFund securities fraud warning back in April.
Both HyperFund and HyperCapital are part of owner Ryan Xu’s HyperTech Group Ponzi empire.
Xu’s current whereabouts are unknown.
Alexa currently ranks top sources of traffic to HyperFund’s website as the US (28%), the UK (11%) and Canada (11%).