Ten years ago Ronae Jull was marketing herself as the “Hope Coach”.
As the Hope Coach, Jull stated in 2011 that she
would like to be remembered as a person with passion for joyful living that managed to successfully reach out to hurting people and helped to bring them hope and healing.
Ten years later and something has gone horribly wrong.
Jull is an executive at one of the largest MLM Ponzi schemes in operation today. She’s also signed on as an investor.
Instead of offering “hope and healing”, Jull now inflicts others with “broke and stealing”.
Jull, believed to be a resident of Seattle, Washington, recently popped up as Compliance Officer for HyperFund.
HyperFund, run by Ryan Xu and associates with links to Australia and China, is currently one of the largest MLM Ponzi schemes in operation.
Jull appears to have signed up and invested into HyperFund on or around August 2020 (I believe the actual signup date might have been a few months prior).
At the end of March 2021, Jull boasted $88,000 in HyperFund earnings. Money she’d stolen from those who invested after her.
Somewhere between March and July, Jull joined HyperFund’s executive team as Compliance Officer.
In this role Jull turns a blind eye to HyperFund’s ongoing securities law violations. She’s instead tasked with burying evidence of fraud, specifically focusing on HyperFund marketing claims.
What caught our attention was a marketing webinar last month. In the webinar Jull, appearing under the alias “Hope Hill”, claimed FTC attorneys helped draft HyperFund’s Service Agreement.
Jull also maintains HyperFund’s passive investment scheme is exempt from the Securities and Exchange Act, so long as everyone refers to it as a “membership”.
Investments are highly regulated. In order to offer an investment of any kind, or financial product of any kind, you have to meet these rules and be licensed to offer a financial product.
Because HyperFund is a membership, not an investment product, we don’t qualify for oversight of the SEC.
HyperFund recently launched a second passive investment scheme, under the common enough crypto mining ruse.
Both HyperFund’s original HU investment scheme and its crypto mining scheme are of course securities offerings.
Affiliates pool funds into HyperFund (a common entity), on the expectation of a passive return.
A Compliance Officer ignoring securities fraud and claiming US regulators were involved in the setting up of a company is strange enough. It’s even stranger coming from someone introduced as having “worked in compliance for more than a decade”.
The thing is, I’ve looked into what Jull’s been up to over the past decade – and I can’t find any evidence of compliance related employment.
Ten years ago Jull was busy marketing herself as a “prolific writer, author, counselor, and radio personality”.
Ronae Jull is the HOPE Coach, working tirelessly to help transform families.
As a mother of four adult children and three grandchildren, Ronae has walked first-hand through the challenges of parenting children of all ages and stages.
With over 20 years’ experience as a family mentor and coach, Ronae remains passionate about helping families find hope and heal from past hurts.
Towards the end of 2012 Jull began selling medical insurance. Jull claims he was first introduced to network marketing via Amway in 1979.
In January 2013 Jull had signed up for and was promoting Inspired Living Application.
A few months later it was Body FX, a fitness and weight loss related affiliate opportunity.
By the end of 2013 Jull had jumped on the dropshipping bandwagon with DS Domination.
Spamming Amazon and eBay affiliate links on social media continued until late 2016.
There’s then a gap in Jull’s online activity till late 2019, when she returned to marketing herself as a “hope coach”.
In early/mid 2020 Jull signed up and invested in HyperFund.
If anyone can point me to where Ronae Jull worked in either securities compliance of FTC Act compliance, both specifically with respect to the MLM industry, I’m all ears.
Jull’s lack of compliance experience, beyond telling other HyperFund investors to stop openly promoting the investment opportunity, explains her FTC attorney blunder.
In a followup July 25th compliance webinar, Jull appeared to walk her claim about FTC attorney involvement in HyperFund back.
When that document was drafted … it was literally sitting down with legal counsel (who were) aware of the FTC rules, and the rules governing similar in several jurisdictions around the world.
Well, by walking the statement back I mean Jull didn’t mention FTC attorneys helping to draft HyperFund documents again.
Jull appears to be making up her expertise in MLM securities and marketing compliance as she goes along.
Think about when you purchase a HyperFund membership. When you send your USDT to your deposit address, that is not a deposit account.
That would be just like if I went to Amazon and I want to purchase something, and they accept crypto, so I’m going to pay them with my USDT.
Well, that payment for that product on that platform does not become an investment.
When you send USDT to your deposit address it’s not a deposit account. Nothing happens.
Nothing happens when you send your USDT to that address.
You don’t earn interest. There’s no daily, weekly, monthly, yearly anything. Okay? Nothing happens. It’s for a purchase only.
When you purchase a membership, what the company (HyperFund) comes back and says is, “We will give you rewards equal to three times the value of that membership that you purchased”.
That is just phenomenal.
If Amazon are soliciting deposits on the promise of a 300% return, that’s news to me.
Obviously they aren’t, so comparing HyperFund to Amazon is stupid. And how are you going to claim dumping money into HyperFund does nothing… and then in the same breath confirm you get back “three times” what you paid?
As the webinar continues, Jull’s pseudo-compliance further deteriorates.
At any point in this process you have an option, if you have at least 50 HU … that have now been paid to you, you have the option to do one of two things;
You can redeem those rewards to digital currency. You can sell that digital currency on any exchange and then you can do whatever you want with it.
Or you could, if you’ve now redeemed your rewards, converted it to digital currency, and now you’ve got it sitting on exchange, you could turn around, exchange it for USDT and send it back in to purchase another membership.
So what the company did is, “Hope, wait a minute. We’re going to make it easier for you.”
It’s a little bit of a process to redeem rewards. So rather than have to redeem, convert to digital currency, exchange it on an exchange, then send it back in to purchase more membership, what we’ll do is let you do that internally.
Now when you do this, it is not topping up or adding to your original purchase.
Nothing changes with that original purchase. That original purchase is gonna keep paying you a minimum of 0.5% per day rewards, until it reaches three X – and then it expires.
When you do a re-buy within the system … it gives you a whole new separate membership.
Deposit funds in HyperFund, collect 300% passively, paid at a minimum of 0.5% a day, with option to internally roll returns back in as new deposits. On what planet is that not an investment scheme?
HyperFund: a passive investment opportunity paying returns with made-up external revenue, policed by a compliance officer with a made-up name, spouting made-up pseudo-compliance.
There seems to be a running theme here…
Finally if you’re wondering where the alias “Hope Hill” came from, it’s the name of an online store Jull started up to take advantage of COVID-19.
Mid last year Jull was also looking to launch the HopeHill Foundation, however that project appears to have been abandoned.
Update 29th May 2022 – Turns out Ronae Jull is a convicted felon.
In 1998 Jull was indicted on multiple counts of fraud related to… wait for it, running a Ponzi scheme.