O’Qubuss Review: Desperate IX Inversors third reboot Ponzi
O’Qubuss is being run in secret. That’s because it’s likely a reboot of the twice collapsed IX Inversors Ponzi scheme.
A visit to O’Qubuss’ website reveals a blank page. Apparently the signup form and backoffice are only accessible with an O’Qubuss referral link.
This is an attempt to hide the scheme from authorities.
O’Qubuss’ website domain was privately registered on June 23rd 2022.
O’Qubuss marketing confirms ties to Alexander Hernandez:
Hernandez was CEO of the IX Inversors Ponzi scheme.
Launched in 2021, IX Inversors began to attract the attention of authorities in February 2022. Both Spain and Ecuador issued securities fraud warnings against the Ponzi scheme.
IX Inversors would eventually go on to collapse, with Hernandez framing it as a “liquidation”. This saw the brief reboot of DIA, which was followed by an even briefer Hyperuincap reboot.
In March 2022 Ecuador escalated its investigation into IX Inversors and Hernandez.
The Superintendencia de Bancos had forwarded its findings to the Financial and Economic Analysis Unit (UAFE), with the aim of further investigating money laundering and financial crimes.
That saw IX Inversors, DIA and Hyperuincap officially collapse. Well, at least until Hernandez resurfaced in June with O’Qubuss.
Hernandez, originally from Ecuador, is believed to have fled the country. His current whereabouts and status are unknown.
Like its predecessors, O’Qubuss is primarily being promoted across Latin America.
O’Qubuss scammers are primarily recruiting investors through shady WhatsApp and Telegram groups:
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
O’Qubuss’ Products
O’Qubuss has no retailable products or services.
Affiliates are only able to market O’Qubuss affiliate membership itself.
O’Qubuss’ Compensation Plan
O’Qubuss affiliates invest USD equivalents in cryptocurrency. This is done on the promise of a 200% ROI.
O’Qubuss solicits investment across XX plans:
- Starter 100 – $100
- Starter 300 – $300
- Starter 500 – $500
- Entrepreneur 1000 – $1000
- Entrepreneur 2000 – $2000
- Entrepreneur 3000 – $3000
- Executive 5000 – $5000
- Executive 10,000 – $10,000
- Executive 20,000 – $20,000
- Grand Investor 30,000 – $30,000
- Grand Investor 40,000 – $40,000
- Grand Investor 50,000 – $50,000
Any commissions earned through O’Qubuss’ MLM opportunity count towards the 200% ROI.
Once 200% of an invested amount is reached, reinvestment is required to continue earning.
The MLM side of O’Qubuss pays on recruitment of affiliate investors
O’Qubuss pays referral commissions on invested funds down three levels of recruitment (unilevel):
- level 1 (personally recruited affiliates) – 6%
- level 2 – 4%
- level 3 – 2%
Rank Bonuses
O’Qubuss rewards affiliates for convincing others to invest with the following one-time Rank Bonuses:
- Business Expert – convince others to invest $600,000 and receive a recognition pin and tickets to an “international event”
- Business Manager – convince others to invest $1,200,000 and receive “VIP Academy Trading Pro” membership (what this is isn’t disclosed)
- Legend – convince others to invest $2,000,000 and receive a 5 days, 4 nights expenses paid trip to Punta Cana in the Dominican Republic
Note that only initial investment tracked across three levels counts towards Rank Bonuses.
Joining O’Qubuss
O’Qubuss affiliate membership is free.
Full participation in the attached income opportunity however requires a $100 to $50,000 investment.
O’Qubuss solicits investment in bitcoin, binance coin, binance USD, tether and inokbiss.
Conclusion
Back in March Ecuadorian media reported on thousands of IX Inversors in Ecuador having lost a ton of money. It’s the same story in every country IX Inversors was promoted in.
O’Qubuss, officially the third reboot of the Ponzi scheme, is more of the same.
Early on you’ll have serial scammers who made money in IX Inversors, DIA and Hyperuincap. They’ll bring along victims hoping to recoup their losses.
When those easy pickings have been milked, O’Qubuss’ website will then be opened to the public.
That’s if Ecuador’s investigation doesn’t shut Alexander Hernandez down first. Regulation of MLM Ponzi schemes does happen in Latin America but tends to be spotty.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve O’Qubuss of ROI revenue, eventually prompting another collapse.
As we’ve seen with IX Inversors, DIA and Hyperuincap, the majority of participants in Ponzi schemes lose money.
The link to the backoffice is oficina(dot) hyperiun (dot) net and as always it’s just another $20 template to scam people.
Although initially people close to Alexander Hernandez and other top leaders managed to convinced their victims to avoid being sued, it seems that patience is over and at last there is a group considering legal actions against IX/DIA/Hyperiuncap.
Let’s go through all excuses for not paying:
– It is a plot of banks and the “system” (very Cositortean)
– The project collapsed due to the lack of faith (of the people of Loja -Ecuador) in the project.
– The government is against us and their ignorance “makes them claim that trading is a scam/ponzi scheme”
– IX is over, long live DIA and its Inotk shitcoin.
– Inotk crashed because people were not prepared to play the “hold and wait” game. And a group of big investors (called “whales” inside the community) saw an opportunity to cash all their money despite of the erosive effects on the project.
– Inotk is the past, the future is Ibiks. Which by the way is also garbage since “the community did not believe in the project”.
– Hyperiuncap appears as a new project focusing on allowing people who lost money in their previous scams to be able to recover their investment, yes, because they’re scammers but they care about you. Payments are organized in three phases, according to the sum invested.
– Hyperiuncap blamed payment delays on platform migration issues. But this was not an original excuse, it also happened several times during the transition from IX to DIA. Yes, they are a 200 million dollar “company” and cannot neither set a decent infrastructure, nor hire competent devs.
– A 300K dollar daily payment quota is set hence you need to be patient (wink, wink)
– And last but not least, flooding with images of payments and messages discouraging legal actions since “in a MLM company you would also have to sue a relative/friend who invited you to IX/DIA/Hyperiuncap”
It is worth mentioning that at the moment “O’qubuss is paying on time”. XD, But of course, they need to revitalize the flow of new victims
This is a photo of happier times
Alexander Hernandez in Mexico
ibb.co/t88Tbwt
IX/DIA/Hyperiun/O’qubuss is also present in Spain and Italy, maybe thanks to the presence of a large Ecuadorian migrant community.
In Spain the allegedly leader is Carlos Cid, who can be seen here
youtube.com/watch?v=J7l1P4zOq7k
claiming that Yperiuncap (sic) is paying for real!
Even though not so long ago he tried to distance himself from IX/DIA/Hyperiuncap because “it proved to be managed by inexperienced people”
First, sorry for the multiple comments but it was the only way to write all things IX/DIA/Hyperiuncap/O’qubuss.
you may think, why people do not want to sue these IX/DIA/whateva mfs? This is only the impression I got after reading their chats and talking to a few people.
it is a combination of factors:
– A group of people do not want to do it out of distrust of the Ecuadorian justice system.
– Others are still victims of some sort of Ponzi Stockholm syndrome. They still believe in Alexander Hernandez, the trading genius.
– Others are discouraging legal actions because they are/were leaders of a “regional” office.
– And last but not least, all army, navy and police officers, plus justice system employees do not want to sue since the participation in a ponzi scheme could have an negative effect in their careers (discharge in case of the people in uniform, do not forget, Alexander Hernandez himself was discharged several years ago from the police after being accused of bribery and scammed an old lady. Revealing this does not constitute a felony since it is all public information available in government portals)
All good. I can only scratch the surface of non-English companies. Appreciate the deeper insight and I’m sure readers do too.
Thanks Oz
It is rumoured that the size of the scam is bigger than initially calculated: 400K victims and from 120 (total “invested”) to 699 million dollars.
This photo (shared in one of many telegram groups) was after a HUGE PARTY (IX rented a stadium with capacity for 10000 people)
ibb.co/5YfvsQx
Back in late 2021 it was all about big celebrations, tours and other eccentricities. And of course, starting 2022 it all went downhill…
Well, it’s officially over. In yesterday’s meeting “leaders” Announced that Hyperioncap enters in liquidation.
The scam IXInversors/DIA/Hyperiuncap has entered a new phase: a citizen oversight (Veeduría Ciudadana).
Which has as main goal to verify that the project is still running and that payments have been delayed due to migration/software issues, not because they have ran out of money.
Of course, Ecuadorian Laws include this process (Veeduría) as an alternative to litigation but it is well documented and it has to comply to certain conditions among them, a registration in a notary. Which by the way it seems is not being done by DIA’s own process.
All in all the so called “Veeduria Ciudadana” is an informal inspection of the company assets just in order to verify that they are actually working to solve their problems.
So far, a group of investors have accepted the motion and gathered a group of “veedores” (observers) which themselves are “looking for a solution for people who haven’t recover their investment”.
A few days ago Alexander Hernandez during a Zoom meeting with his victims accepted granting access to DIA’s Investors Observer team.
After reading the only “Official Message of the Observers team” (this is only my take) can say that there are three alternatives regarding this process:
1) It is conceived and conducted by middle “leaders” of the “company” in order to be seem also as victims and avoid future responsibilities.
2) It’s just a gimmick to buy time and it’s promoted by IX itself while they continue fleecing new victims in O’qubuss
3)All of the above.
Either you’ve registered with financial regulators and filed audited financial reports, or you’re running a Ponzi scheme.
Veeduria Ciudadana or any other bullshit Hernandez comes up with isn’t a substitute for regulatory registration.
There is something else to what @Carlos wrote here:
Investors were asked to buy ibiks in a sum equivalent to 10% of their initial investment (on IXInversors) in order to leverage the project and thus be able to pay them. So they were twice scammed.
That’s true, Oz, according to Ecuadorian law, for the oversight to be legal, all financial information must be registered in a notary’s office, and being a chain of Ponzis there is no such thing.
Why all financial reports should be presented and registered in the notary’s office? Because if after the report there are signs of illegality or crime, the Veeduria MUST conclude with the initiation of legal actions against the “company”.
Unfortunately, the bulk of the investors in IX/DIA/Hyperiuncap are poor people with a low level of education, many of whom invested small amounts of money obtained mainly through bank loans, and these people are the ones who most distrust local justice. And there’s also a Ponzi micro culture of people who see those schemes as “bets”.
It also doesn’t help that major investors remain reluctant to sue over the shady origin of such funds, (cough, cough, money laundering, cough, cough).
So, this combination of factors have allowed IXInversors keeps “working” under the radar for so long.
This scam also collapsed not so long ago
wagedollars.com/
The “Veeduria Ciudadana” team in their latest message to the “community of investors” only says that “be assure that they’re working 24/7 to help updating accounts that experienced problems with the registered email”.
Once again, this “independent” team shared a message as if they’re in charge of IX/DIA/Hyperiuncap.
And let’s not forget that they claim to be a “solid company, ehem, community of 400k investors and a multimillion revenue” and yet the process seems to be manual with information gathered through a GDocs form.
Thanks Carlos, Cid’s Youtube channel is a goldmine of scams. Here, the so called “leader” is so kind to share a chronology of IX/DIA/Hyperiuncap to his flock.
youtube.com/watch?v=IrxPiyQnbxI
Keypoints besides the explanation of the collapse of this scam:
* It was due to Software issues, migration problems
* He claims he’s having a rough time assisting people that feel betrayed by Hyperiuncap
* And he “exposes people that took advantage of a software bug and ripped off the company”
his discourse seems to have changed, before he blamed people for letting themselves be influenced by rumours, now he tries to advise people to diversify their investments (wink, wink), despite the fact that by his own admission “he has been in MLM for over 20 years”.
He also says that this project is led by very good people but surrounded by a lousy communication team. And that allowed rumors and negativity to destroy the community.
He basically always blames others.
Sounds like your typical recovery scammers.
If the IX Inversors’ Veeduria Ciudadana isn’t appointed by the courts then it’s a scam.
It is also worth noting that Mr Cid lives in Switzerland. I don’t know where the Swiss stand when talking about Ponzi schemes and crypto scams 🙂
Mr Carlos Cid and his kind tutorials show us how to check on your “network”:
ibb.co/WV3BzvY
And of course, it is paying for real:
ibb.co/6DNKX1x
And last but not least he invites to an event with colombian crypto wizard Heymar Escobar:
caracol.com.co/radio/2021/04/06/economia/1617661176_691445.html
After a few quiet days, Hyperiuncap’s latest message says that:
a) accounts’ email update is still in progress (it’s taking so long it seems that they are manually updating account by account, and a PDF with results of this process appears to confirm my suspicions)
b) Next week the wallet “module” will be available for all users, so that they can connect their wallet in order to receive their money.
c) And regarding the Veeduria Team, their victims, sorry, I meant their inversors “can rest assured that they -Veeduria- are aware of the availability of funds and technical issues [I so guess, they are willing to pay ;)]”
Last but not least, this message concludes saying that “they will share periodic updates of the audited economic activities performed in order to be able to pay” (allegedly audited via myfxbook)
This is the original (in Spanish) message
ibb.co/y6pPMc8
This is the version of the Hyperiuncap guys. In the next message will review the Veeduria’s version.
TTYL (?)
Here is a screenshot of the Veeduria’s document
ibb.co/nbc4zmh
A few key points:
* First they start with a summarized timeline of events from “birds chirping and money raining IX” to “dark clouds and despair of Hyperiuncap liquidation”.
* Terrible, terrible writing. I mean, clearly I’m no professional writer, but this is beyond clumpsiness. Typos, a non informative, bloated, convoluted and yet pretentious text that seems to be written by a drunk fifteen year old.
Although during the Team’s members election many of them presented “credentials of highly qualified professionals of the IT and Accounting” this seems written by someone who has never set a foot in an office. (It even makes me doubt of the writer’s command of Spanish Language)
* The team suspiciuosly refers to Hyperiuncap as “an investment project” and they repeat over and over again that “their goal is to communicate in a clear and honest way with both Hyperiuncap an their investors”.
* The Veeduria Team claims that “Hyperiuncap directors are not collaborating enterily with them” And that communication is not direct with both Alexander H. and Cesar C (Hernandez and Correa, founders of the “project”)
* As a result of all things exposed before the Team will no longer insist on having new meetings with Hyperiuncap directors, and leave to investors “with the freedom of choosing whichever course of action they deem necessary in order to try to recover their money”
So yeah, another Hernandez people’s gimmick to delay being prosecuted.
Finally the dreaded day has arrived. After just a handful of “reports” or messages for the investor community, the so called members of the “Veeduria Ciudadana” try their best to communicate their fear after “lack of communication with the board of directors of IX/DIA/Hyperiuncap”.
So, yes, it is over and yet a couple of idiots (sorry, but at this point any person who still believe in Hernandez is either an accomplice or an idiot) waiting for the next payment deadline (two months)
Those who understand Spanish can read the – pathetic – last statement of the members of the commission (Veeduria) here:
ibb.co/3ykcnkQ
But, hey, Oqubuss IS the real deal
youtube.com/shorts/DBW9285NU-c
In his latest appeareance Alexander Hernandez told his investors that they “presented his project inokbiss to several traders and companies in an event held in Dubai”.
Unfortunately, no visual evidence of such event was shared during the presentation. It was funny though, that in a previous meeting he reiterated that his Q/A was only about the token, not about previous projects.
https://ibb.co/1qKNKp4
Yeah, because nothing says confidence as a black screen from a non disclosed location.
Hernandez and Co have found in current events the ideal excuse for the inevitable collapse of Oqubuss.
Yesterday’s meeting informed Oqubuss victims that indeed, withdraws (and creation of new accounts) are being halted “to protect the Community’s money”.
ibb.co/PTX15YX
“The community’s money” is already gone.
Ponzi go boom, sorry for their loss.