Ten years in the past Ronae Jull was advertising herself because the “Hope Coach”.
Because the Hope Coach, Jull acknowledged in 2011 that she
want to be remembered as an individual with ardour for joyful dwelling that managed to efficiently attain out to hurting folks and helped to carry them hope and therapeutic.
Ten years later and one thing has gone horribly fallacious.
Jull is an govt at one of many largest MLM Ponzi schemes in operation as we speak. She’s additionally signed on as an investor.
As a substitute of providing “hope and therapeutic”, Jull now inflicts others with “broke and stealing”.
Jull, believed to be a resident of Seattle, Washington, lately popped up as Compliance Officer for HyperFund.
HyperFund, run by Ryan Xu and associates with hyperlinks to Australia and China, is at present one of many largest MLM Ponzi schemes in operation.
Jull seems to have signed up and invested into HyperFund on or round August 2020 (I consider the precise signup date may need been a number of months prior).
On the finish of March 2021, Jull boasted $88,000 in HyperFund earnings. Cash she’d stolen from those that invested after her.
Someplace between March and July, Jull joined HyperFund’s govt staff as Compliance Officer.
On this function Jull turns a blind eye to HyperFund’s ongoing securities legislation violations. She’s as an alternative tasked with burying proof of fraud, particularly specializing in HyperFund advertising claims.
What caught our consideration was a advertising webinar final month. Within the webinar Jull, showing beneath the alias “Hope Hill”, claimed FTC attorneys helped draft HyperFund’s Service Settlement.
Jull additionally maintains HyperFund’s passive funding scheme is exempt from the Securities and Alternate Act, as long as everybody refers to it as a “membership”.
Investments are extremely regulated. With a view to supply an funding of any sort, or monetary product of any sort, it’s important to meet these guidelines and be licensed to supply a monetary product.
As a result of HyperFund is a membership, not an funding product, we don’t qualify for oversight of the SEC.
HyperFund lately launched a second passive funding scheme, beneath the frequent sufficient crypto mining ruse.
Each HyperFund’s authentic HU funding scheme and its crypto mining scheme are after all securities choices.
Associates pool funds into HyperFund (a standard entity), on the expectation of a passive return.
A Compliance Officer ignoring securities fraud and claiming US regulators had been concerned within the organising of an organization is unusual sufficient. It’s even stranger coming from somebody launched as having “labored in compliance for greater than a decade”.
The factor is, I’ve appeared into what Jull’s been as much as over the previous decade – and I can’t discover any proof of compliance associated employment.
Ten years in the past Jull was busy advertising herself as a “prolific author, writer, counselor, and radio character”.
Ronae Jull is the HOPE Coach, working tirelessly to assist rework households.
As a mom of 4 grownup kids and three grandchildren, Ronae has walked first-hand via the challenges of parenting kids of all ages and levels.
With over 20 years’ expertise as a household mentor and coach, Ronae stays keen about serving to households discover hope and heal from previous hurts.
In direction of the tip of 2012 Jull started promoting medical insurance coverage. Jull claims he was first launched to community advertising by way of Amway in 1979.
In January 2013 Jull had signed up for and was selling Impressed Dwelling Utility.
A number of months later it was Physique FX, a health and weight reduction associated affiliate alternative.
By the tip of 2013 Jull had jumped on the dropshipping bandwagon with DS Domination.
Spamming Amazon and eBay affiliate hyperlinks on social media continued till late 2016.
There’s then a niche in Jull’s on-line exercise until late 2019, when she returned to advertising herself as a “hope coach”.
In early/mid 2020 Jull signed up and invested in HyperFund.
If anybody can level me to the place Ronae Jull labored in both securities compliance of FTC Act compliance, each particularly with respect to the MLM business, I’m all ears.
Jull’s lack of compliance expertise, past telling different HyperFund traders to cease overtly selling the funding alternative, explains her FTC legal professional blunder.
In a followup July twenty fifth compliance webinar, Jull appeared to stroll her declare about FTC legal professional involvement in HyperFund again.
When that doc was drafted … it was actually sitting down with authorized counsel (who had been) conscious of the FTC guidelines, and the foundations governing comparable in a number of jurisdictions world wide.
Effectively, by strolling the assertion again I imply Jull didn’t point out FTC attorneys serving to to draft HyperFund paperwork once more.
Jull seems to be making up her experience in MLM securities and advertising compliance as she goes alongside.
Take into consideration once you buy a HyperFund membership. Whenever you ship your USDT to your deposit handle, that’s not a deposit account.
That might be similar to if I went to Amazon and I need to buy one thing, they usually settle for crypto, so I’m going to pay them with my USDT.
Effectively, that fee for that product on that platform doesn’t turn into an funding.
Whenever you ship USDT to your deposit handle it’s not a deposit account. Nothing occurs.
Nothing occurs once you ship your USDT to that handle.
You don’t earn curiosity. There’s no every day, weekly, month-to-month, yearly something. Okay? Nothing occurs. It’s for a purchase order solely.
Whenever you buy a membership, what the corporate (HyperFund) comes again and says is, “We gives you rewards equal to a few instances the worth of that membership that you simply bought”.
That’s simply phenomenal.
If Amazon are soliciting deposits on the promise of a 300% return, that’s information to me.
Clearly they aren’t, so evaluating HyperFund to Amazon is silly. And the way are you going to assert dumping cash into HyperFund does nothing… after which in the identical breath affirm you get again “3 times” what you paid?
Because the webinar continues, Jull’s pseudo-compliance additional deteriorates.
At any level on this course of you may have an choice, when you have at the least 50 HU … which have now been paid to you, you may have the choice to do one in every of two issues;
You possibly can redeem these rewards to digital forex. You possibly can promote that digital forex on any change after which you are able to do no matter you need with it.
Or you would, for those who’ve now redeemed your rewards, transformed it to digital forex, and now you’ve acquired it sitting on change, you would flip round, change it for USDT and ship it again in to buy one other membership.
So what the corporate did is, “Hope, wait a minute. We’re going to make it simpler for you.”
It’s a little bit little bit of a course of to redeem rewards. So quite than must redeem, convert to digital forex, change it on an change, then ship it again in to buy extra membership, what we’ll do is allow you to do this internally.
Now once you do that, it isn’t topping up or including to your authentic buy.
Nothing adjustments with that authentic buy. That authentic buy is gonna maintain paying you a minimal of 0.5% per day rewards, till it reaches three X – after which it expires.
Whenever you do a re-buy throughout the system … it provides you an entire new separate membership.
Deposit funds in HyperFund, gather 300% passively, paid at a minimal of 0.5% a day, with choice to internally roll returns again in as new deposits. On what planet is that not an funding scheme?
HyperFund: a passive funding alternative paying returns with made-up exterior income, policed by a compliance officer with a made-up title, spouting made-up pseudo-compliance.
There appears to be a operating theme right here…
Lastly for those who’re questioning the place the alias “Hope Hill” got here from, it’s the title of a web based retailer Jull began as much as reap the benefits of COVID-19.
Mid final 12 months Jull was additionally trying to launch the HopeHill Basis, nonetheless that mission seems to have been deserted.
Replace twenty ninth Could 2022 – Seems Ronae Jull is a convicted felon.
In 1998 Jull was indicted on a number of counts of fraud associated to… watch for it, operating a Ponzi scheme.