HyperFund @ BehindMLM

November was an interesting month for the HyperTech and its HyperFund Ponzi scheme: HyperTech owner Ryan Xu has disappeared; one of Ryan Xu’s and Sam Lee’s Australian shell companies collapsed; HyperFund withdrawals have been disabled; HyperTech has a new Boris CEO; Hyperverse was announced; and HyperFund’s website has been pulled offline. Ruh-roh…

A mayor in Germany is promoting the HyperFund Ponzi scheme to his constituents.

Indian authorities have arrested three scammers behind the FomoEX Ponzi scheme. What appears to be proactive regulation at first, might be tied to the collapse eOracle Ponzi scheme.

HyperFund is the subject of a Ponzi scam advisory issued by the Bermuda Police Department.

FomoEX operates in the cryptocurrency MLM niche. The company fails to provide a corporate address on its website. Heading up FomoEX is Stephen Meade (President) and David Hung (CEO). Stephen Meade (right) is an unknown in the MLM industry. Over the past few years he’s reinvented himself as a crypto bro. Meade’s crypto bro adventures [Continue reading…]

The eOracle Ponzi scheme has collapsed, again. eOracle disabled affiliate withdrawals by disabling their stand-alone ECN Ponzi points website. This happened about a week ago.

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”.

Rodney Burton is organizing a HyperFund promo event under the guise of “Reinvent Yourself With Crypto”. HyperFund founder Ryan Xu is scheduled to speak at the event, along with a disturbing number of well-known US personalities.

On October 6th HyperFund released a new “community FAQ”. Of note is confirmation that the company’s executives are fleeing to Dubai.

As part of an effort to slow down withdrawals, HyperFund has begun freezing large investor accounts. Confirmation of the frozen accounts comes as regulators warn of financial fraud.