HyperFund @ BehindMLM

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

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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.

HyperFund has received a securities fraud warning from Guernsey. Guernsey is one of three islands that make up the British Crown Dependencies, situated between the UK and France.

HyperFund has received a securities fraud warning from New Zealand’s Financial Markets Authority.

The UK’s Financial Conduct Authority was the first regulator to issue HyperFund with a securities fraud warning. In its initial March 23rd warning, the FCA put HyperFund on notice through an affiliate’s website. Now the regulator has added HyperFund’s company homepage to its warning.