Serial fraudster Shavez Ahmed Siddiqui, aka Shavez Anwar, has managed to get WP Engine to disable access to Danny de Hek’s website.

Siddiqui, or someone pretending to be and/or representing him, is also threatening BehindMLM.

Common between de Hek and BehindMLM, with respect to Siddiqui, is both have been researching and reporting on Siddiqui’s fraud for years.

In a June 14th email sent to de Hek by WP Engine, the company cites a “complaint submitted by Mr. Shavez Ahmed Siddiqui, CEO of LquidPay DeoBank”.

the complaint, submitted by Mr. Shavez Ahmed Siddiqui, CEO of Lquidpay Deobank, alleges that your website contained content that constitutes (inter alia):

  • Criminal impersonation and identity theft
  • Setting up a fraudulent website to mimic the Lquidpay platform
  • Defamatory and misleading statements

The materials submitted by Mr Siddiqui include legal claims of reputational, financial and psychological harm resulting from the content hosted on your site.

In accordance with our Acceptable Use Policy and our obligations under applicable online safety and content moderation laws, WP Engine has determined that the content in question violates our standards and has therefore taken steps to disable dehek.com.

WP Engine further informed de Hek that “due to repeated Acceptable Use Policy violations”, his account would be “terminated in 30 days”.

In a response email sent to WP Engine on June 14th, de Hek stated WP Engine disabling his website had

effectively empowered a known scam promoter and denied me the due process your policies require.

Specifically:

• No valid legal basis (such as a court order) was provided, as required under your Terms of Service.

• No verified evidence of defamation, impersonation, or fraud was supplied, as your Acceptable Use Policy requires before acting.

• I was not given notice or any opportunity to respond to the complaint, despite your stated procedures for handling non-DMCA claims.

I am requesting that you immediately reinstate the website, provide a full explanation for the takedown including any policy sections you believe support it, and confirm whether any legal authority or verified evidence was relied upon.

In what appears to be a coordinated campaign, Siddiqui or someone acting on his behalf is also targeting BehindMLM and Alice Kantor, a Bloomberg reporter.

In December 2024 Kantor published a Bloomberg article titled, “Dubai’s Alleged Crypto Scams Are Raking in Billions“.

Being very much part of the “Dubai crypto scam” scheme, Siddiqui agreed to be interviewed by Kantoor.

Shavez Anwar, a young former Lee protégé who helped develop StableDAO and has taken over We Are All Satoshi from Lee, says he now has 120 employees working on various projects, some on a company called BitcoinCode.

This company supposedly allows investors to do their own crypto mining. From his luxury apartment in a suite of condos overlooking the Burj, he also just introduced a crypto index called Dodo and a crypto credit card called 9Pay that he claims is supported by Visa Inc.

And far from being an enemy of VARA, he says, he often consults with the agency pro bono, offering his insight into the crypto ecosystem. “People like me, we have been very friendly with regulators,” he says. “We want to help them regulate properly.”

Visa said in a statement that it has no relationship with 9Pay. VARA deviated from its stated policy of not commenting on individual companies to say that not only does it not work with Anwar, but it’s also never heard of him.

In a “medical impact & stroke report” sent to WP Engine, in which Siddiqui claims reporting on his fraud caused a brain stroke”, Siddiqui names Kantor as an additional respondent.

In 2024, Mr. Siddiqui was contacted by Bloomberg reporter Alice Kantor under the pretext of a professional interview.

The interview was deceptively edited and included criminal insinuations without evidence.

Despite clear written denial of publication by Mr. Siddiqui via WhatsApp, Bloomberg knowingly published the defamatory video and distributed it across platforms.

Siddiqui cites “Dubai’s Billion-Dollar Crypto Underworld“, a mini Bloomberg documentary accompanying Kantor’s earlier published report.

Claims Siddiqui, or someone acting on his behalf;

Bloomberg’s editorial team failed to fact-check or obtain legal consent, and allowed Danny de Hek’s defaming content to be cross-linked, thereby amplifying the psychological trauma.

Siddiqui has demanded Bloomberg issue a public apology, “terminate Alice Kantor from her role at Bloomberg” and promise to stop reporting on him.

In an email received a few hours ago, Siddiqui or someone claiming to represent him (I say this because the sender is a random Gmail address), has issued BehindMLM with a “final and last legal warning”.

In the email, Siddiqui or someone claiming to represent him claims, without any supporting evidence;

  • BehindMLM’s documented research and reporting into Siddiqui’s fraud dating back to HyperFund is “deliberately false, malicious and defamatory”, is “without legal basis” and is published without “substantiated evidence”;
  • Siddiqui has “no legal or factual connection” to former business partner and indicted fraudster Sam Lee;
  • BehindMLM has “colluded” with Danny de Hek;
  • BehindMLM has impersonated Siddiqui; and
  • BehindMLM’s research and reporting on Siddiqui’s ongoing fraud has caused “mental and health damage”, “disruption of business operations”, “estimated financial losses exceeding $300,000 USD”, “investor and client withdrawal”, “reputational damage” and “health and leadership impairment”.

This is not a negotiation. This is your final warning. Continued publication of defamatory claims against me — without lawful basis or evidence — will result in aggressive legal consequences.

Govern yourself accordingly.

Shavez Ahmed Siddiqui
Founder & CEO – [LQUIDPAY DEOBANK]
[SHAVEZ@LQUIDPAY,FINANCE] (Ozedit: note email correspondence was not sent from this email address)
[14TH JUNE 7:35 AM DUBAI TIME]

The email appears to mostly be a copy and paste job as, among other things, BehindMLM has certainly never “impersonated” Siddiqui.

As for the rest of Siddiqui’s claims I suppose the best response, as always, is the factual truth.

Siddiqui, a serial fraudster hiding in Dubai, was a central figure in Sam Lee’s collapsed HyperFund Ponzi scheme.

After HyperFund collapsed, Lee and Siddiqui continued to defraud consumers through HyperOne (Siddiqui was HyperOne’s “Operation Head of Asia Pacific”).

After HyperOne Lee and Siddiqui teamed up on StableDAO, essentially HyperTech Group 2.0 (HyperTech was the parent company of Lee’s HyperCapital and HyperFund Ponzis).

Through StableDAO Lee launched StableOpinion, VidiLook (rebooted as ViviLook 2.0 and then again as VEND), WeAreAllSatoshi, Satoshi Math Club and Boomerang Trade (aka Boomerang Arbitrage Trading).

At some point Lee had a falling out with Siddiqui, prompting Siddiqui to take over We Are All Satoshi (WAAS) as his own Ponzi project.

Following multiple failed WAAS reboots, Siddiqui launched Lquid Finance and Lquid Pay.

Coinciding with two regulatory fraud warnings pertaining to Lquid Finance and Lquid Pay, the scheme now goes by Lquidpay Deobank.

Lquidpay DeoBank presents itself as the “ultimate crypto payment solution”. Lquidpay Deobank pitches consumers on, among other things, passive returns of up to 15% annually.

Lquidpay Deobank is not registered as a bank or financial services provider (securities) in any jurisdiction.

For reference, regulatory enforcement and fraud warnings as a result of Siddiqui’s conduct (directly or via assocation), include:

One could make the argument that all of the HyperTech fraud warnings dating back to HyperFund are associated with Siddiqui (including the indictments of Sam Lee, Rodney Burton and Brenda Chunga and corresponding SEC enforcement action), but I decided to stick to more recent warnings.

Siddiqui only came out of the HyperFund woodwork towards its collapse and subsequent HyperOne Ponzi reboot (late 2021 onward).

BehindMLM can’t speak specifically for anything Danny de Hek or Bloomberg has published or their internal research and editorial processes. Siddiqui denying the factual basis of BehindMLM’s own reporting though seems kind of silly.

Not the first time a serial fraudster has drank the Dubai kool-aid and convinced themselves they’re above the law outside of the UAE though. Probably not the last.

This article will be sent as a formal response to Siddiqui’s “final and last legal warning”. BehindMLM will also be forwarding all correspondence received by Siddiqui to our contacts in US regulatory and federal law enforcement.

 

Update 17th June 2025 – Danny de Hek’s website is back online.