Hyperverse added to UK’s HyperFund securities fraud warning
Hyperverse has received its first securities fraud warning from the UK’s Financial Conduct Authority.
The FCA was the first regulator to sound the alarm on HyperFund’s fraud.
In March 2021, the FCA identified HyperFund as a ” firm has been providing financial services or products in the UK without our authorisation.”
The FCA’s initial warning listed a HyperFund affiliate’s marketing site. HyperFund’s official website was added to the securities fraud notice in September 2021.
HyperFund collapsed and was rebooted as Hyperverse earlier this month.
On December 12th, the FCA added Hyperverse to their HyperFund securities fraud warning.
Kalpesh Patel, HyperFund and Hyperverse’s suspected top net-winner, is from the UK.
Patel has been promoting MLM scams for well over a decade. The biggest Ponzi scheme he was in to date is Zeek Rewards.
Patel has since fled to Dubai. He continues to promote scams to a mostly Hindi speaking audience back in the UK and India.
Credit to the FCA for being quick to add Hyperverse.
Be nice if they actually went after UK HyperFund/Hyperverse promoters, but they’re not alone in neglecting enforcement.
The most damning thing about this is the promoters are getting congratulated and praised on a daily basis for helping so many people.
It’s disgusting. They’ll all get away with it to.
Indeed,small kudos to them
Hyperfund have stopped paying. I have had my withdrawal rejected for 6 days in a row. Support just tell me to be patient.
In the Telegram group there are hundreds of other people complaining their withdrawals are being rejected too.
Any chance of screenshots?
How can I post a screenshot?
Screenshot of failed withdrawals (blacked out amounts and date/time):
ibb.co/cTKXDHx
Telegram group shots:
ibb.co/YjyLCB8
ibb.co/NLjFhP4
ibb.co/JnKXCvG
ibb.co/YbkcLFz
ibb.co/LnyjbW6
ibb.co/zHqprCT
This was just over the last few hours. If you need anymore let me know!!
Upload them to an image-sharing site like imgur and provide a link.
Thanks for the reports. Will put an article together noting HDAO is working (for now).
MOF was the primary withdrawal method and is owned by Xu and Lee. This shouldn’t be ignored.
HDAO is not working! The ONLY option available in the platform to withdraw is HDAO and all the rejections are coming from HDAO.
MOF is no longer mentioned in the backoffice as a withdrawal option.
Hey Jon, how did you get into the telegram group? I’ve looked everywhere for a link to no avail! I think it will be great viewing!
Did those withdrawing HDAO lose their HU too? I’m trying to get my money out of this bullshit with HDAO being only option.
Has been over 24 hours now and nothing. It doesn’t say anything about a failure though.