HyperFund’s homepage added to FCA securities fraud warning
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.
The addition to the FCA’s warning was added August 31st. It’s possibly a response to misinformation spread by HyperFund affiliates, arguing that the notice only applied to the named domain.
With respect to securities fraud, regulators do typically cite a company’s homepage in their warnings. They can however name a company and target local promotion through other domains.
The end-result is the same, the named company is committing securities fraud.
In response to the initial FCA warning, HyperFund appointed “Hope Hill” as its Compliance Officer.
After BehindMLM outed Hill as US resident Ronae Jull, she disappeared.
Launched in mid 2020, HyperFund has emerged as one of the largest MLM Ponzi schemes operating today.
It is a reboot of the collapsed HyperCapital Ponzi scheme, both run by Ryan Xu.
Xu has ties to Australia and south-east Asia. His current whereabouts are unknown.
Earlier this week it emerged that Indian authorities are also investigating HyperFund.
At the time of publication, Alexa ranks top sources of traffic to HyperFund’s website as the US (28%), Canada (10%) and India (6%).
Vitaliy Dubinin has been boasting about HyperFund reaching over $1B in investments.
Wouldn’t surprise me. HyperFund is following BitConnect’s trajectory.
After listing it what follows next?
??? The MLM company registers with the SEC and provides audited financial reports showing external revenue generation.
This happens before they launch and start soliciting investment.
Any MLM company that hasn’t done this is committing securities fraud. Why? Because it’s a Ponzi scheme.
I was approached to participate in this company and buy a membership. I’m not an MLM professional.
The zoom calls with the members are showing people earning huge sums via this program.
Are Ryan Xu’s whereabouts really unknown? And is this membership fraudulent?
We were going to invest $30k. Please advise – any feedback appreciated.
@Amy
Early investors in every Ponzi scheme make money. Math is math and every Ponzi scheme collapses.
If you know where Xu is, do share.
All Ponzi schemes are fraudulent. And unless you recruit a boatload of new victims, sorry for your future loss.
I am a member of hyperfund form lesotho and i have invested my 300$ and now i am earning 78$ daily. i havent seen any thing wrong about Hyperfund.
Anybody should invest in this company is working nice with its investors please stop what you think its wrong with the company.
1. Numbers on a screen != earnings.
2. If everyone invested $300 and was withdrawing $300 a day, kaboom. Math is math, even in Lesotho.
“I am getting paid, so it cannot be the scam!!!”
Oh, how many times before I’ve heard that stupid argument?
And oh, how many times I ‘ve seen it turned wrong in the end (for latecomers and often even for those who were “paid”).
What timeframe is usually considered late?
It’s been more than a year already. Why isn’t the government doing more if it’s a Ponzi?
Late with respect to online Ponzi schemes corresponds with when they collapse.
That’s only determinable with accuracy post collapse.
What I can guarantee is that if you have to ask, you most certainly didn’t get in early.
That’s a question for “the government”. All we can do is identify and confirm HyperFund is a Ponzi scheme.
A ponzi scheme is a ‘money game’. New money in, pays for the previous participants gains.
In Hyperfund, members receive NOTHING from new funds. They only receive benefit from the Rewards generated which come from ‘company profits’ such as all the money they earn from their crypto exchanges. So it is a true ‘profit sharing’ operation.
Right, when you go to cash out your Ponzi coins the money just comes out of thin air.
So you’ll have no trouble providing audited financial reports proving “company profits” then, right?
Oh they don’t exist. Why? Because HyperFund is taking “new money in” and using it to “pay the previous participant’s gains”.
MLM + securities fraud = Ponzi scheme.
MLM + Dubai = Ponzi scheme.
It’s not rocket science.
Proof of association with the Australian Trade and Investment Commission:
austrade.gov.au/ArticleDocuments/6512/2019_Consensus_Directory.pdf.aspx
If you read that document, you’ll see multiple partners in the alliance mentioned, such as
* BlockChain Global (page 11)
* CollinStar Capital (page 16)
* HCash (page 23)
So the Aussie gov’t must be involved in this ‘ponzi’ scheme too since the Australian Trade and Investment Commission is affiliated with the whole HyperTech group as outlined above?
It’s spelled out in the document direct from the official Australian gov’t website.
That document is meaningless. Australian Trade and Investment Commission != ASIC.
This is the equivalent of scammers trying to pass off FinCen as the SEC in the US.
edit: Actually it’s even more meaningless than that, this is some “eXpLoRe Da BlOcKChAiN!” consensus report from 2019.
The report has nothing to do with regulation of HyperTech, HyperCash or HyperFund by itself.
There is no substitute for registration with financial regulators and filing of audited financial reports.
HyperCash = HCash.
Austrade is (Ozedit, snip see below.)
not the Australian Securities and Investment Commission (ASIC).
Appearing on some exploratory consensus brochure is not endorsement or approval from the Australian government.
I can guarantee you HyperTech’s business model didn’t come up once during preparation of that document.
Why would it? Australian Trade and Investment Commission isn’t a regulatory body.
There is no substitute for registration with financial regulators and filing of audited financial reports.
If you want to discuss Austrade consensus brochures from 2019 do it somewhere else. It has no bearing on HyperFund committing securities fraud because it’s a Ponzi scheme.
Not even worth debating when you edit out and delete more than half my response.
(Ozedit: derails removed)
There is no debate surrounding Austrade not being ASIC.
It’s a non-debatable fact. And that ends discussion around the information you brought to the table.
And again for the knuckle-draggers in the back:
Feel free to provide a statement either from the linked document or from the Australian government where they endorse HyperTech, HyperCapital or HyperFund.
This isn’t Facebook. You don’t get to ignore facts and carry on like a pork chop.
Shame Johnny Boy’s totality of Due Diligence is copying nonsense from Hyperfund’s “Due Diligence” google spreadsheet
Doesn’t realize the stuff there is thinner than 1play toilet paper,i’d worry if I had that little financial knowledge backing my choices in life – i’d be the perfect victim
ASIC are useless, they say to report any scam to them, but really they dont give a rats, believe me, Ive been through it.
They have no interest & wont help if the scam company is of international decent.
umm dir, just about all cyberscams & ponzi schemes run out of a foreign country.
Am confused with all this. But ok is there away you can stop ponzi schemes to spread and Rob innocent people their hard earned money please?
Or yours is just but shaming them here and there is nothing you can do. How accurate are you also when it comes on revealing your truth about them?
Am asking this questions because while you are saying all you are saying presentation s are going on in many parts of the world including Africa. Name it all in South Africa, Tanzania,in Lesotho, in Uganda etc…
And people are making a living with their families out of it. Not unless you are also paid spoil this companies. IF XU MOVES TO DUBAI and the company is stable working what is wrong about that!
I think and believe that you should also come out and show us legit companies that we can invest in even if you guys can start your own legit company yes!
We can come onboard and weigh like this is TRUE and that is FALSE.!!!
Sure. Don’t promote them and don’t invest in them.
You can verify HyperFund is not registered with securities regulators yourself.
MLM + securities fraud = Ponzi scheme
Ponzi schemes are a zero-sum equation. Every dollar someone withdraws is stolen from someone else.
Where a Ponzi scheme is promoted is neither here nor there.
Ponzi schemes ends badly for the majority of investors. This is true irrespective of where the owners flee to.
I don’t give a stuff about your personal finances. How about you take some responsibility and manage your own finances hey.
I see Kalpesh Patel (FB) with videos on FB today with 300 other scam promoters/believer’s at a 3 day event in Dubai.
How many more are to lose hard earned savings so the big boys can continue moving from scam to scam.
The amaxing thing is the people who are calling it a ponzi can not explain why its a ponzi. None are yet to give the right way how it works.
All the explanation i have seen on here is yet to be how hyperfund or hyperverse works.
I was nit asked to delete any information. So saying that they asked members to delete whatever is misinformation.
It works because if the way its designed. No one member can pull on large sums to cus the collapse of the system. It is stable.
Why are they not talking about (Ozedit: derails removed)
1. People invest.
2. (insert blockchain bullshit here)
3. Existing investors steal their money.
That’s how HyperCapita/HyperFund/Hyperverse works and it’s the literal definition of a Ponzi scheme.
I’m sure there are many things you haven’t experienced in life. That doesn’t mean they don’t exist.
Math is math. Withdrawals can’t exceed investment.
How long that takes doesn’t negate math.
Whataboutism = GTFO.
My mother has been duped into this, I did the presentation to ask some questiosn to a member who had been doing very well. He couldn’t tell me how the company made money, I ahve the video and can share. The whole presentation was just about how you can make money by reinvesting rewards etc, its super flashy and looks like a great opportunity to a typical punter who has no Idea about investing.basic maths/finance.
Let me explain, you are being asked to invest in soemthing but you are not todl what it is only that it gives you a return. Backed up by lots of jargon that Auntie Ethel cant understand its a perfect scam. Most people intorduce it to fmaily so the stakes are high and people will defend it endlessley becasue they are emotionally invested. Most do not understand the crypto space and particulalry blockchain. It was sad to see this guy who may actually believe in it tell me things about blockchain and crypto which do not make sense(I have recruited developers for blockchain for years).
Yes some people make money, they have to make some people make money to have them verify it, they encourage you to reinvest and not take rewards out, this is becasue if too many people do it, it would collapse the business. You ahve rewards in yuor account, not cash remember that.
Every investor is getting compound interest on their intial investment, I was told they have 1m users now, if we say they have $1bn in investment and people are getting 3-6x on their investment over 2 years, including reinvesting their rewards, the total paid out given a simple compound interest calc would be more than the entire US money supply!
They also only let you cash out in another (*£*coin, like MOF which I was told they were hoping to go to $1 a coin. Again sounds incredible as $0.001598 , now if you are smart you will understadn that the supply of 50 trillion coins is never goign to $1 becasue there isn;t enough money in the world to do this.
If I can help anyone understand this better please get in touch.