ZetBull has received a pyramid fraud warning from the Central Bank of Russia. [Continue reading…]

Following his appearance in HyperOne marketing material, Kalpesh Patel has denied any involvement in HyperOne.

Patel, one of HyperFund’s and Hyperverse’s top earners, claims HyperOne has nothing to do with Hyperverse. [Continue reading…]

I wasn’t sure if HyperOne was a joke at first.

Update 17th May 2022 – Turns out my spidey sense was dead on, HyperOne doesn’t appear to have anything to do with HyperTech, HyperFund or Hyperverse.

Kalpesh Patel has confirmed he has nothing to do with HyperOne in a recently published social media video.

I’ll leave this review up as a record of what HyperOne was pitching. /end update

The first video uploaded to HyperOne’s official Youtube channel is an old 2018 blockchain bro video featuring Sam Lee.

Lee, along with Ryan Xu, are HyperTech’s co-founders. They’re on the run from liquidators in Australia and are believed to be hiding out in Dubai.

You probably won’t hear much of Xu and Lee, if at all, in HyperOne’s marketing.

Instead we have two of the few people left promoting Hyperverse, Kalpesh Patel…

…and his sidekick Keith Williams:

There are some other names in HyperOne’s marketing but I wasn’t able to confirm involvement so I’ll leave them out for now.

Like Lee and Xu, Kalpesh Patel fled to Dubai to cement his Ponzi legacy.

Patel travels back to the UK from time to time to visit family. The UK is almost as lax as Dubai when it comes to MLM securities fraud regulation.

Keith Williams joins Patel on his Hyper* Ponzi webinars. Williams’ LinkedIn profile places him in the UK.

The other top earner in recent Hyper* Ponzis is Rodney Burton, a US citizen.

As far as I can tell he’s cashed out and isn’t coming back. Burton now spends his time walking around Dubai in his pajamas:

Hyperverse saw Xu and Lee hire an actor to play CEO Steven Reece Lewis.

Lewis is nowhere to be seen with HyperOne. He appears to have been paid off but the content bot is still posting social media cringe on his Twitter account:

HyperOne’s website domain (“hcash.one”), was registered on April 26th, 2022. “Hyper One” is listed as the owner, through the Cayman Island. All other domain ownership details are redacted.

As to HyperTech, it’s a Ponzi factory created by Sam Lee and Ryan Xu.

First we had HyperCapital, then HyperFund, then Hyperverse (short-lived) and now HyperOne.

All MLM crypto Ponzi schemes and, except for HyperOne, all have collapsed.

So with mounting losses and executives in hiding, what’s HyperOne’s marketing schtick?

Read on for a full review of HyperOne’s MLM opportunity. [Continue reading…]

Aleksey Muratov’s Prizm and Roy Club Ponzi schemes have collapsed.

Both the Prizm and Roy Club websites have been pulled. Muratov continues to string PRIZM investors along with “Prizm Space”. [Continue reading…]

Gym Network provides no executive or ownership information on its website.

Instead Alberto Mera, Lewis Mhlanga and Timur Ozturk are presented as low-tier staff to represent the company:

Further research reveals affiliates citing Claudio Catrini as Gym Network’s CEO:

Why Catrini isn’t on Gym Network’s website is unclear.

Catrini claims to be a “crypto lover”. This is a relatively new development that took place over the past year.

More recently still, Catrini has gotten into the “passive income” crypto niche:

As far as the MLM crypto space goes, passive income is typically code for investment fraud.

Prior to reinventing himself as a crypto bro, Catrini was involved in digital marketing. This has primarily been through Trendda and “Claudio Catrini Akademie GmbH.

Catrini co-founded Trendda in 2019.  Claudio Catrini Akademie has been around since 2003.

On the MLM side of things Catrini co-founded Athletic Factory in mid 2021:

Athletic Factory was a German fitness themed MLM (fitness appears to be a running theme for Catrini).

Athletic Factory’s website is still up but traffic to it is dead. Athletic Factory’s official FaceBook page was abandoned in November 2021, suggesting the company has been abandoned.

Gym Network’s website domain (“gymnetwork.io”), was privately registered on December 13th, 2021.

Also Supporting Athletic Factory collapsing is Catrini relocating from Germany to Bulgaria around the same time:

Bulgaria has a horrendous track record when it comes to MLM regulation.

Read on for a full review of Gym Network’s MLM opportunity. [Continue reading…]

The Metafi Yielders Ponzi scheme is collapsing.

In line with other MLM crypto Ponzis struggling to put off the inevitable, Metafi Yielders has introduced withdrawal restrictions. [Continue reading…]

EminiFX owner Eddy Alexandre was arrested in New York on May 12th.

Later that same day Alexandre made his initial court appearance.

Here’s what happened, and what’s next. [Continue reading…]

Joseph Ford Jr., a Californian federal police officer, is promoting MLM crypto Ponzi schemes on YouTube.

Ruh-roh… [Continue reading…]

The court-appointed EminiFX Temporary Receiver has set up a website and made contact with investors. [Continue reading…]

The Swapnex Ponzi scheme has collapsed.

As per a communication to investors, Swapnex withdrawals have been restricted. [Continue reading…]