HyperTech’s HyperFund cops securities fraud warning from UK

15 Comments on “HyperTech’s HyperFund cops securities fraud warning from UK”

#1

Oz

Apr 10th, 2021 at 12:39 pm  Oz(Q)

I’d originally intended to add HyperFund information to this article.

As I was researching it and taking notes I realized I should probably check if HyperFund is MLM for a potential review.

I confirmed it is, meaning HyperFund is essentially the successor to the failed HyperCapital Ponzi scheme.

At that point I realized I’d pretty much written a HyperFund review introduction, so I might as well publish a stand-alone review.

Not what I had planned for today but bear with me.



#2

Laurence

Apr 11th, 2021 at 5:49 pm  Laurence(Q)

Nice of them to catch up with you, Oz. :o)

Already banned from my FB groups.



#3

Maggie Collin

Apr 20th, 2021 at 9:41 pm  Maggie Collin(Q)

Hello HyperCommunity,

In light of a recent article written by BehindMLM, we wanted to take the time to address some of the points and accusations brought against us:

We will address each point, one-by one:

…in reality I couldn’t find anything other than a few failed cryptocurrency company launches. You know the deal, blockchain this, blockchain that – launch after launch and nobody cares.

There is extensive documentation showing Ryan’s monumental achievements and accomplishments in the crypto industry.

He has one of the most successful blockchain venture capital firms, he founded a government funded blockchain education initiative called blockchain centre that is also backed by Fortune 500 companies, and there are mountains of evidence in the due diligence report prepared by some of our community builders.

I’m not going to follow every Ryan Xu rabbit hole (because there’s no point), but with respect to HyperCapital you have HyperTech Group:

This is a clear confession that Oz did not even take the time to properly research Ryan and claims there is “no point”, meaning that simply reading surface level “articles” from biased sources instead of government documents, academic publications, and reputable media sources is sufficient enough to back the claims he makes.

Blockchain Global claims it’s “funding the future of blockchain”. The company’s website currently has an Alexa ranking of 1.9 million (#RIP).

Blockhain Global cannot be judged by its “Alexa Ranking” when it’s working on a government level and with massive Fortune 500 companies. We’re not talking about a consumer product here.

HC pumped to $43.17 in August 2017. The typical shitcoin dump followed and HC is currently trading at $1.22 (#RIP).

ALL tokens pumped in 2017. This was the alt coin boom where everyone was in a frenzy. There were almost 0 coins, reputable or not, that didn’t “pump.”

Also, this token has code on Github that proves that the technology is undergoing development, and it’s listed on the largest global exchanges.

It is also being jointly developed by top blockchain R&D institutes such as Monash University and HK PolyU with documented proof.

By this logic, you can argue that the top crypto exchanges and their world class teams are also scammers who list “shitcoins” for a hobby.

It was even recently formally recognized by Australia’s National Science Agency as being the most efficient blockchain technology in the world: algorithm.data61.csiro.au/new-form-of-blockchain-protocol-coined-most-efficient-in-the-world/

The company’s website (as per their official Facebook page), appeared to be down at the time of publication (#RIP).

We do not have an official Facebook page. The company’s website is not down. collinstar.com is the website and it is working just fine.

I had difficulty tracking down information on Digital X. Here’s a snippet from Blockchain Global’s Wikipedia entry;

This indicates an utter lack of research on Oz’s part. You can go to the Australian Stock Exchange’s website (asx.com.au) and look up DCC to find extensive information, including all of their financials. They are licensed by the Australian Financial Services and operate under AFS license 474592.

ACX is an Australian focused cryptocurrency exchange. ACX’s website has a current Alexa ranking of 947,611 (almost #RIP).

This is irrelevant.

The exact nature of Xu’s involvement in HyperCash is surrounded in typical layers of bullshit associated with cryptocurrency.

Not really. It’s extremely clear what his role is. He’s a founder of HCash, Collinstar partnered specifically with Monash and HK PolyU to bring a world class team to help develop it, Collinstar funded over $53 million towards developing the technology behind HCash, and he serves on the advisory board. The whole project exists because of his efforts.

Many blockchain projects backed by Mr.Xu are labeled as scams, like HPS, HRS. MediaChain follows suit.

MediaChain was a project out of 100s or potentially even 1000s of other projects that he invested in. To label him a “serial scammer” for investing in a coin that took advantage of it’s INVESTORS and disappeared is absolutely absurd!

Every single person in the world who is an institutional investor has made bad investment decisions. Also, do keep in mind that the reporting source has their own crypto project.

Check 8btc.com and you will see what we mean. To address HRS and HPS, those were literally side chain tokens of HCash prior to launching their main chain! There are not “other scam projects” he participated in. To this day, HCash is not only alive, but alive and well, so this holds no validity whatsoever.

This withheld balance must be invested in shit tokens HyperCapital pushes through their “HyperLand tech incubator”.

None of the tokens in the tech incubator are “shitcoins.” If you read the MOF, HyperDao, or HCash whitepapers, the latest updates, look up articles in Hong Kong about what Molecular Group, HCash, or HyperDao are doing, or even read the mountains of documentation on them, it will be quite evident how wrong this claim is. You can’t successfully incubate bad projects. It just doesn’t work.

Herp derp I launched a shitcoin and it went nowhere. Now I’m sitting on a ton of this worthless rubbish. Oh I know, I’ll start my own MLM shitcoin Ponzi scheme to get rid of them.

To be frank, we didn’t even want to address this because of how childish it was, but let’s go ahead and do so anyway.

HCash is extremely diversified and has many people holding it to this day. Being on over 16 exchanges and trading publicly for over 2 years tends when your token has real value and underlying technology tends to do that.

Ryan doesn’t need to “get rid of them.” World governments are already racing to develop quantum resistance technology and Hcash is collaborating with the Chinese and Australian government and has been formally recognized by CSIRO, Australia’s National Science Agency (yes there is documentation on this, but it was clearly ignored).

In other words, there is no external revenue generated. HyperCapital simply generates HC out of thin air, in addition to what they already hold, and uses that to pay out an imaginary ROI.

When you are building a community using the HyperFund app, your tokens are publicly trading on major exchange, and you have tokens of REAL value that have managed to go up well over 5300% in 3 months (MOF), you own countless exchanges with billions of dollars in daily trading volume, you own one of the world’s largest mining companies in the world, and you have a portfolio of long term successful cryptocurrency projects, then you are most certainly are generating revenue.

I suppose that world governments that are regulating Bitcoin and other cryptos as an asset class are also ruling the profits earned from that as “imaginary ROI” right? By this logic, that is essentially what you are saying.

HyperCapital’s investment opportunity is not disclosed to ASIC. Not that it matters, as ASIC is not known for active regulation of MLM related securities fraud.

This is not the case. First of all, ASIC and KPMG work hand in hand to regularly audit financial companies and second of all, regardless of the misleading presentations made my non compliant sources, this is a membership that pays rewards very much like airline miles or credit card points.

HyperCapital has no other form of verifiable revenue other than USDT investment.

Sure, whatever you say. Multi-billion dollar companies and an ecosystem that’s providing real value to the crypto space surely can’t be generating any revenue at all!

Especially when the conglomerate you are purchasing your membership from us a multi billion dollar group of companies that are partnered with the world’s largest digital bank, and you are entering into a contractual service agreement with them.

And also not when Blockchain Global has a 6-7 year track record incubating over 300 successful blockchain projects like NEM and TRON!

And definitely not if MOF is partnered with the largest overseas Asia payment network Blue Ocean Pay and building a decentralized financial derivates exchange (An $8.1 Trillion market) with the world’s first financial public chain.

Update: It has come to our attention that a “update review” has been written, but nothing has changed other than the our project name has been changed to HyperFund and the reward plan enhanced.

OZ failed to do any due diligence, he refused to do any research on the businesses behind it, calling them shell companies, which is absolutely false.

He also continued his habit of using childish and vulgar language and didn’t even bother to mention any facts, claiming the common “legitimacy via association isn’t a thing”, when in fact, being associated and partnered with massive companies is “a thing.”

That is all we have to say because the review is so poorly written that it is not been worth expending any additional energy on and doesn’t cover anything new or any updates.

Our business model has not changed, only enhanced by adding additional revenue and profit sources & capitalizing on the recent market trends.

Additional Note: The FCA warning BehindMLM recently posted about is pointed towards an affiliate’s now defunct website that grossly misrepresented the opportunity and is not actually targeted to HyperFund at all.

The bottomline here is that 1. BehindMLM didn’t take the time to properly research anything, making all of the claims completely baseless and 2. They used an outdated presentation and didn’t examine the facts properly.

(Ozedit: derails removed)

-HyperTech Group Corporate Team.



#4

Oz

Apr 20th, 2021 at 10:18 pm  Oz(Q)

Oh dear. Crypto bro bullshit mixed in with legitimacy via association, and failure to address securities fraud and HyperFund operating as a Ponzi scheme.

TL;DR Ryan Xu failed to address HyperTech and HyperFund’s securities fraud and the fact it is a Ponzi scheme.

He has one of the most successful blockchain venture capital firms

HyperTech? Ponzi factories aren’t blockchain venture capital firms.

This indicates an utter lack of research on Oz’s part.

Like I said, I’m not wasting my time going following every Ryan Xu rabbit hole. If Digital X has anything to do with HyperFund not committing securities fraud and being a Ponzi scheme, share the info.

(Narrator: it doesn’t)

he founded a government funded blockchain education initiative called blockchain centre

Which achieved nothing significant and is on the discarded heap of blockchain bro projects that went nowhere.

and there are mountains of evidence in the due diligence report prepared by some of our community builders.

Literally name one Ryan Xu project outside of HyperTech that’s isn’t a blockchain bro project failure.

Blockhain Global cannot be judged by its “Alexa Ranking”

Oh it can. Alexa ranking is even lower now. Literally nobody gives a crap about Blockchain Global.

Also the Australian government has nothing to do with Blockchain Global.

ALL tokens pumped in 2017.

Whether they did or not is irrelevant to HC pumping and dumping.

Launching a shitcoin in the midst of the 2017 pump isn’t a ‘we didn’t launch a shitcoin pump and dump’ get out of jail free card.

None of the tokens in the tech incubator are “shitcoins.”

They’re all pump and dump shitcoins, launched to make Ryan Xu money.

First of all, ASIC and KPMG work hand in hand to regularly audit financial companies

Financial regulators don’t audit companies. They regulate them.

Inferring ASIC has audited HyperCapital is fraudulent misrepresentation. Not withstanding ASIC registration is meaningless because ASIC doesn’t do it’s job.

Furthermore over half of traffic to HyperFund’s website originates out of the US. Neither HyperFund, HyperTech, HyperCapital or Ryan Xu are registered to offer securities in the US.

Not really. It’s extremely clear what his role is. He’s a founder of HCash

If that’s the case then why is Ryan Xu listed as just another member of the HCash advisory board on HCash’s website.

Why is Xu being disingenuous about owning HCash and being its primary benefactor with each attempted Ponzi pump (HyperCapital, now HyperFund)?

OZ failed to do any due diligence, he refused to do any research on the businesses behind it, calling them shell companies, which is absolutely false.

Simply choosing to ignore inconvenient evidence of fraud (securities fraud, wire fraud) doesn’t legitimize HyperTech and HyperFund.

FCA warning is for HyperFund, because it’s committing securities fraud in the UK just like it is everywhere else.

The bottomline here is that

HyperFund, HyperTech, HyperCapital and Ryan Xu are committing securities fraud in every jurisdiction they solicit investment in.

Ryan Xu is a scammer running a Ponzi scheme.

If you’ve already invested in HyperFund, ask why the company isn’t registered with the SEC? Where are the legally required audited financial reports backdated to HyperCapital?

With respect to HyperFund due-diligence, that’s what matters. Not blockchain this, blockchain that. Literally nobody gives a fuck about Ryan Xu’s failed blockchain projects.



#5

Andy Vining

Apr 24th, 2021 at 7:38 pm  Andy Vining(Q)

Well Hyperfund is a really strange sort of Ponzi as you seem to be saying.

How can it be a Ponzi if you can get your money back in 200 days as I have done. (Ozedit: snip, see below)



#6

Oz

Apr 24th, 2021 at 7:46 pm  Oz(Q)

How can it be a Ponzi if you can get your money back in 200 days as I have done.

HyperFund is a Ponzi scheme because newly invested funds are used to pay scammers such as yourself.

How early you got into HyperFund and began stealing money has no bearing on it being a Ponzi scheme.

Also are you talking actual money withdrawn or HU points? If you’re claiming you made your money back in HU points, lulz.



#7

AntiMLM

Apr 24th, 2021 at 7:56 pm  AntiMLM(Q)

Andy Vining: How can it be a Ponzi if you can get your money back in 200 days as I have done. (Ozedit: snip, see below)

That has no bearing on it being a ponzi or your luck in getting out before it inevitably collapses.



#8

Imrevan Madalin

May 19th, 2021 at 8:21 am  Imrevan Madalin(Q)

UK’s main promoter Kalpesh X Patel is currently in hiding and an arrest warrant is imminent according to his own UK based team members.

So much for making a million a year LOL.



#9

John

May 26th, 2021 at 3:00 am  John(Q)

The whole of this conversation totally went over my head.

All I can say is real people with kids who are trusting hyperfund to predict and trade our money so we and them make extra cash.

If it’s all 1 big scam a lot of families will suffer – the stress is already causing me s sleepless nights I just. Hope and pray it’s not scam.



#10

John

May 26th, 2021 at 3:02 am  John(Q)

There’s 100s of you tubers believing in hyper fund.



#11

Oz

May 26th, 2021 at 9:57 am  Oz(Q)

YouTube != MLM due-diligence.



#12

Geoffrey

May 26th, 2021 at 12:44 pm  Geoffrey(Q)

This organisation is a scam.

One of my friends has recently “invested” quoting a ridiculous rate of return on his investment of some 15% per month. I have pointed out to him that this rate of return is just not sustainable.

Applying a simple financial technique known as the Rule of 72 it is possible to extrapolate how quickly an investment will double through compounding based on the rate of interest (72/15 = 4.8 time).

This means the investment will double approx 3 times per year. A $25,000 investment will be worth $200,000 after one year, $1.6 million after 2 years, $12.8 million after 3 years and $51.2 million after 4 years.

Even the most optimistic returns could never be realised.

Then delving a little further into what Ms Collin (Xu?) there is a whole lot of smoke and mirrors.

I don’t have the time nor inclination to look at much about this scam but looked at the claim in relation to DCC on the ASX.

Yes it is listed and hasn’t ever made a profit according to the financial statements nor is there any mention of the beneficial owners other than 3 seemingly unrelated people.

This company does not have a license to trade financial products in its own right as the license quoted, 474592, is issued to a Western Australian company, Big Start Pty Ltd.

Clearly these people wish to obfuscate their actual relations so not interested at all.



#13

Chris

Jul 6th, 2021 at 5:25 pm  Chris(Q)

Going back to hyper fund and of cause you can supply , the sec documents about hyper being on the watch list of the sec or all of this is of you opinion mlm hater.



#14

Oz

Jul 6th, 2021 at 10:12 pm  Oz(Q)

Securities fraud is illegal. The SEC regulates securities fraud.

There is no “watch list”. Please learn the subject matter before committing to coming off as a dumbass. Thanks.



#15

Feyr

Nov 16th, 2021 at 3:56 pm  Feyr(Q)

I know this is an older thread but just want to point out that Blockchain Global is in Administration and going through Supreme Court Orders and its attached ACX (Exchange) has officially failed as well. Another product of their that has serially failed.

cryptonews.com.au/australian-crypto-exchange-acx-io-under-scrutiny-from-crypto-community-as-possible-exit-scam

afr.com/companies/financial-services/failed-crypto-company-collapses-owing-21m-20211103-p595n3

If they are making all this money to triple users profits in 200 days, or the case with Hypermining, 180 days, why are their businesses failing around them? Why would they even have money in these businesses.

You can’t claim that these are just “invested” businesses when they are literally the CEO of them.