HyperFund operates on a Multi-Level Marketing (MLM) model and claims to offers passive investment opportunities. We have received reports of them recruiting affiliate investors in New Zealand. It is not registered or licensed to provide financial services/products in New Zealand.
The website thehyperfund.com now redirects to thehyperverse.net.
The UK's Financial Conduct Authority has also cautioned the public about HyperFund on 23 March 2021. View the warning.
As an expert in financial regulations and investment schemes, I can affirmatively state that the warning issued by the Financial Markets Authority (FMA) about HyperFund is indeed a matter of serious concern. My expertise in this field allows me to shed light on the intricate details of such warnings and the potential risks associated with entities like HyperFund.
First and foremost, the FMA, which is a reputable financial regulatory body in New Zealand, issued this warning on September 30, 2021. This demonstrates a proactive approach to protecting investors and maintaining the integrity of the financial markets. The FMA explicitly expresses concerns about HyperFund potentially operating as a scam, signaling a high level of scrutiny and suspicion.
The mention of HyperFund operating on a Multi-Level Marketing (MLM) model is a critical red flag. MLM structures often raise suspicions due to their resemblance to pyramid schemes, where profits primarily come from recruiting new members rather than actual product sales. This is a well-established warning sign that my expertise allows me to recognize and emphasize.
Furthermore, the claim by HyperFund to offer passive investment opportunities is a common tactic employed by fraudulent schemes. My extensive knowledge in financial markets and investment vehicles enables me to highlight that legitimate investment opportunities are typically transparent and comply with regulatory requirements, which, in this case, HyperFund fails to do.
The FMA's note about HyperFund recruiting affiliate investors in New Zealand without being registered or licensed to provide financial services/products is a crucial point. Legitimate financial entities are obligated to adhere to regulatory frameworks, and the absence of proper registration raises serious doubts about the authenticity of HyperFund's operations.
The redirection of the website from thehyperfund.com to thehyperverse.net is a tactic often employed by dubious entities to evade regulatory actions or scrutiny. This kind of maneuver is indicative of a lack of transparency and accountability, aspects that any informed investor would be wary of.
The reference to the UK's Financial Conduct Authority (FCA) and Guernsey Financial Services Commission also issuing warnings about HyperFund adds another layer of credibility to the concerns raised by the FMA. Multiple regulatory bodies independently cautioning the public strengthens the case against HyperFund and underscores the global nature of such financial scams.
In conclusion, my expertise in financial regulations and investment strategies enables me to emphasize the gravity of the FMA's warning regarding HyperFund. The combination of MLM practices, unregistered operations, and cautions from multiple regulatory bodies makes it imperative for investors to exercise extreme caution when dealing with HyperFund. The evidence presented strongly suggests that HyperFund may indeed be operating a scam, and potential investors should steer clear of this entity to protect their financial well-being.
The Securities and Exchange Commission today charged Xue Lee (aka Sam Lee) and Brenda Chunga (aka Bitcoin Beautee) for their involvement in a fraudulent crypto asset pyramid scheme known as HyperFund that raised more than $1.7 billion from investors worldwide.
HyperVerse is a defunct cryptocurrency hedge fund (formerly HyperNation, then Hyperfund, then Hyperverse in 2021). The collapse of the company resulted in approximately $1.3 billion in customer losses.
In online investments, the promise of high returns can often be a strong indicator of fraudulent schemes. As usual, if it seems too good to be true, it almost certainly is. The HyperVerse investment scheme was too good to be true.
Co-conspirator Rodney Burton, a/k/a “Bitcoin Rodney,” 54, of Miami, Florida, is charged by criminal complaint for his role as an alleged promoter of HyperFund. Co-conspirator Brenda Chunga, 43, of Severna Park, Maryland, pleaded guilty today to her role in the fraud scheme.
However, the agency said, the two knew or were reckless in not knowing, that HyperFund was a pyramid scheme and had no real source of revenue outside of investor money. According to the SEC, the scheme raised more than $1.7 billion from investors around the world.
HyperVerse, which was linked to an earlier scheme known as HyperFund, was launched by the Australian blockchain entrepreneur Sam Lee and his business partner Ryan Xu, two of the founders of the collapsed Australian company BlockChain Global.
HyperVerse was a nearly $2 billion fraudulent crypto investment scheme with a fake CEO at its helm, the U.S. Securities and Exchange Commission (SEC) and a grand jury allege in a lawsuit and criminal indictments against two of its leaders.
It's not advisable for those with an asymmetric risk profile, but it offers a decent opportunity for those with a high risk tolerance and a strong financial position.
hyperfund is an online Crowdfunding marketplace where investors can research and invest in startups and growing businesses, and where business owners can pitch their business in front of millions of investors. We offer support for rewards and securities based business Crowdfunding.
HyperVerse's price today is US$0.0000000006594, with a 24-hour trading volume of $N/A. HVT is +0.00% in the last 24 hours. It is currently -8.76% from its 7-day all-time high of $0.0000000007227, and 0.04% from its 7-day all-time low of $0.0000000006591. HVT has a max supply of 10 B HVT.
Investigations have discovered that the chief executive of collapsed crypto fund HyperVerse (formerly Hyperfund) does not actually exist. Introduced to investors in December 2021 with an exemplary list of “strong credentials” behind him, no one had any doubts about Mr. Stephen Reese Lewis.
Sam Bankman-Fried, co-founder of the failed crypto exchange FTX, has been sentenced to 25 years in prison for defrauding customers and investors of his now-bankrupt firm.
A federal judge on Tuesday sentenced former Binance CEO Changpeng Zhao to four months in prison for failing to wall off the world's largest digital asset exchange from money launderers, allowing it to become a hub for illicit finance.
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