HyperFund is the subject of a Ponzi scam advisory issued by the Bermuda Police Department. In their November 4th advisory, Bermuda Police identify HyperFund as a company which appears legitimate, invites you to invest with them, whilst offering large returns on your investment. Hyperfund operates on a multi-level marketing model, similar to that of a […]
HyperFund Ponzi scam warning issued by Bermuda Police Read More »
FomoEX operates in the cryptocurrency MLM niche. The company fails to provide a corporate address on its website. Heading up FomoEX is Stephen Meade (President) and David Hung (CEO). Stephen Meade (right) is an unknown in the MLM industry. Over the past few years he’s reinvented himself as a crypto bro. Meade’s crypto bro adventures
300% ROI eOracle HyperFund mega Ponzi Read More »
The eOracle Ponzi scheme has collapsed, again. eOracle disabled affiliate withdrawals by disabling their stand-alone ECN Ponzi points website. This happened about a week ago. Prior to the ECN website going down, eOracle rebooted its Ponzi smart-contract on the tezos blockchain. This appears to have happened mid to late September. The original eOracle Ponzi scheme
eOracle Ponzi collapses, reboot through FomoEX? Read More »
HyperFund is under regulatory investigation by Germany’s Federal Financial Supervisory Authority (BaFin). As per an announcement issued on October 19th, BaFin has categorized HyperFund as an “unauthorized business”. The BaFin is in accordance with § 37 para. 4 German Banking Act (KWG) clear that the Hypertech Group with alleged offices in Hong Kong and Australia
HyperFund under investigation in Germany for securities fraud Read More »
Rodney Burton is organizing a HyperFund promo event under the guise of “Reinvent Yourself With Crypto”. HyperFund founder Ryan Xu is scheduled to speak at the event, along with a disturbing number of well-known US personalities. Burton, who styles himself as “Bitcoin Rodney”, is coordinating his event through the website domain “reinventyourselfwithcrypto.com”. On the website,
US celebrities to speak at HyperFund event in Miami, Florida Read More »
On October 6th HyperFund released a new “community FAQ”. Of note is confirmation that the company’s executives are fleeing to Dubai. HyperFund currently doesn’t provide a corporate address on its website. The Ponzi scheme is run by Ryan Xu (aka Zijing Xu), under the “HyperTech” umbrella. Xu, who refers to himself as “one of China’s
HyperFund confirms executives fleeing to Dubai Read More »
As part of an effort to slow down withdrawals, HyperFund has begun freezing large investor accounts. Confirmation of the frozen accounts comes as regulators warn of financial fraud. Our source material confirming HyperFund freezing accounts is from an investor in South Africa. Correspondence cited by BehindMLM includes discussion between HyperFund affiliate investors, as well as
HyperFund freezing accounts as regulatory warnings pile up Read More »
HyperFund has received a securities fraud warning from Guernsey. Guernsey is one of three islands that make up the British Crown Dependencies, situated between the UK and France. As per the Guernsey Financial Services Commission’s October 6th warning; The HyperFund is not licensed, authorised or in any way regulated by the Commission for the conduct
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HyperFund has received a securities fraud warning from New Zealand’s Financial Markets Authority. As per the FMA’s 30th September warning; 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
HyperFund securities fraud warning issued in New Zealand Read More »
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
HyperFund’s homepage added to FCA securities fraud warning Read More »
