The face of Hyperverse Ponzi fraud is out.
Following unease over Hyperverse’s rudderless HyperOne and HyperNation reboots, Patel knowledgeable his victims (and fellow scammers) that he’s abandoning ship.
Patel, together with Rodney Burton, are suspected of stealing hundreds of thousands by way of the HyperFund and Hyperverse Ponzi schemes.
The highest net-winners had been the face of HyperFund fraud, with each relocating to Dubai because the Ponzi scheme took off globally.
Whereas Rodney Burton cashed out of HyperFund in late 2021, across the time Ryan Xu and Sam Lee went into hiding, Patel stayed on.
As late as final month, Patel was nonetheless holding rahrah occasions in Dubai and the UK for his HyperFund/Hyperverse high recruiters.
On or round Might twenty sixth, Patel acknowledged Xu and Lee disappearing. Patel additionally acknowledged Hyperverse cost issues, which adopted on from HyperFund’s collapse final yr.
In one other communication despatched out on or round Might twenty fourth, Patel claims Hyperverse was in a “withdrawal disaster”.
Regardless of this in fact, he and his staff of scammers proceed to advertise Hyperverse. Patel claims regardless of the issues, Hyperverse was nonetheless bringing in “hundreds of thousands” a day.
Patel’s non-public exit-scam message was despatched out over Telegram on or round Might twenty ninth.
Pricey Hyper Household,
I hope this message finds you nicely.
I do know my messages final week brought about quite a lot of you concern, all I’ll say is I had my causes and my intention was to not scare or harm anyones communities, however to get you to take a look at the present state of affairs along with your eyes vast open.
My journey in HyperVerse needs to be among the best time as an entrepreneur in 25 years.
I learnt about HyperCapital in November 2019 and after 3 months of due diligence and seeing Ryan Xu, Sam Lee and Jayden Wei updating the group repeatedly and attending zoom launch with out masks, I realised I had discovered an actual house.
As my journey progressed and after giving up all of my time with my household, I entire heartedly devoted each waking second to help constructing a tremendous group as a part of my Hyper Journey.
In June 2020, HyperCapital was re branded to HyperFund and having Sam and Ryan and Jayden seen on the helm was unbelievable, and after assembly Ryan in February 2021 in Dubai,
I realised that’s actually was time to get very severe and help constructing The Largest Blockchain Alliance on the planet and to this point It has over 1 million lively members which is unbelievable.
As December 2021 got here and it transitioned into HyperVerse, once more Sam and Ryan had been seen bringing in a brand new CEO.
I keep in mind being so excited for our futures and on the brink of enterprise into the HyperVerse by Q1.
In December I did an all rxpenses paid celebration with 350 of my high ranked members in Dubai and felt we as a household had been in the fitting area on the proper time.
Through the transition to Hyperverse I used to be inundated with many members unable to withdraw, members ready over 2 months for KYC and different system errors that we tried to get fastened.
However the points acquired worse, buyer assist did too.
We as Nodes had entry to Company staff through telegram, however they had been getting tougher to pin down too.
I felt ‘let’s give them time till the improve is totally full’, as this actually was not a straightforward process.
Throughout April, MOF withdrawals stopped and HVT withdrawals turned out there, actually they made this out there from January as an choice, however giving us no warning that this was going to occur, which might have ready our group to begin organising our HVT good contracts.
Throughout this time I and most of the Node Leaders have been promised a name with Company to get solutions to the various questions we and our group so desperately want to maneuver ahead in the fitting path, and after months of asking, our request has not been fulfilled.
1 Week in the past I lastly acquired an opportunity to satisfy our chairman Sam Lee in Dubai and keep in mind being so excited to lastly meet him in particular person, somebody I had admired since beginning my journey with HyperCapital.
I met Sam Lee on 2 events and mentioned brazenly the problems we’re having, what was occurring, how are we shifting ahead and when will these points be resolved.
After our conferences, I used to be left with the impression that I must look forward to the solutions identical to everybody else and that they’d be supplied on the HyperNation launch presentation.
I, together with the overwhelming majority of you who watched that presentation was left much more confused and had much more questions.
For me, there was no proof of any options to the problems with HyperVerse on the HyperNation launch, no point out of HVT, no point out of Ryan Xu or Sam Lee and no point out of the brand new CEO both. Infact, there was no company presence and nothing from hyperverse was addressed.
We constructed this group on the energy of Ryan Xu and Sam Lee being on the helm of this venture.
I’ve come to the conclusion that as a Chief, I can’t presently promote HyperVerse till we’ve got 100% proof that Ryan Xu and Sam Lee are behind this venture, and never somebody in a masks.
I’m sorry if this isn’t what you needed to listen to.
Many leaders might discover it troublesome to debate the info actually and brazenly.
Many members will solely wish to hear what they wish to hear. None of that is simple for many of us.
I’m nonetheless a member of HyperVerse however at this present time I can’t watch as extra funds are fed into what I consider to be a damaged system.
I look ahead to seeing all your successes on-line.
Bear in mind, our goals to maneuver our lives ahead should all the time stay first.
Challenges should not cease us rising by way of them to greater heights.
I’d wish to apologise once more for any upset brought about and wish you all to know that I really like and respect every one in every of you as my equals, it doesn’t matter what you select to do subsequent, might it ve the fitting factor for you.
I’ll be right here when ever you want me as a pal and mentor.
Love and hugs
All the time Dwell your greatest life,
Kalpesh x
HyperCapital was the primary “western” iteration of the HyperTech Ponzi schemes. It was launched after Ryan Xu and Sam Lee scammed a bunch of Chinese language buyers with their HyperCash Ponzi scheme.
Patel getting in throughout HyperCapital, means he’s profited off three HyperTech Ponzi iterations.
If, as Patel claims, HyperTech’s Ponzis have taken in $4.8 billion, he most actually may have stolen hundreds of thousands. If not tens of hundreds of thousands over the previous 4 years of Ponzi scamming.
Maybe essentially the most damning assertion from Patel’s private exit-scam is that this:
I’m nonetheless a member of HyperVerse however at this present time I can’t watch as extra funds are fed into what I consider to be a damaged system.
It’s damaging to his victims in that it instills a way of hope. That one way or the other Patel, Xu and Lee will return they usually’ll one way or the other recoup their losses.
Kalpesh understands Ponzi math in addition to anybody else. So as from him to steal hundreds of thousands, HyperCapital, HyperFund and Hyperverse victims needed to lose it.
And, pending regulatory intervention, that’s cash that’s not going to ever discover its means again to the individuals it was stolen from.
As a substitute, all of the individuals Kalpesh stole from get is that this:
I’d wish to apologise once more for any upset brought about and wish you all to know that I really like and respect every one in every of you as my equals.
However you’re not equals, are you Kalpesh. You’re in your Dubai crime den sitting on hundreds of thousands. Your victims are financially ruined.
Usually BehindMLM doesn’t cowl particular person promoters of Ponzi schemes. However Kalpesh’s sufferer gaslighting is unbearable.
Oh actually. You’re going to “be there” for the chums you stole from Kalpesh? Mate they don’t want that. They want the cash again you and the remainder of the HyperTech scamlords stole from them.
Patel primarily scammed Indian communities, each in India and the UK.
Typical of MLM Ponzi victims, lots of whom come to idolize the people stealing from them, a few of Patel’s victims haven’t accepted they’ve been scammed but:
Within the wake of his private exit-scam, Kalpesh resides it up along with his household within the UK. Patel had simply completed a Hyperverse investor money splash in Italy – attending a Ponzi advertising occasion no much less.
Lino Curci and Mirko Sabia are promoters of the Safir Worldwide “Zeniq Coin” Ponzi scheme.
Having stolen a small fortune, I believe Patel will now lie low for some time. Y’know, look forward to the warmth to die down.
Then it’ll be again to scamming extra KaLpEsH pAtEl TrAnSfOrMaTiOn DaYs.
Why?
As a result of, courting again so far as Zeek Rewards, Ponzi scamming is all Kalpesh Patel is aware of. He received’t cease until he’s behind bars.
Replace third June 2021 – Nicely that didn’t take lengthy. Kalpesh Patel is now funneling his Hyperverse downline into GSPartners.
GSPartners is a Ponzi scheme run from Dubai by Josip Heit.
GSPartners’ unique G999 Ponzi collapsed, prompting Heit to not too long ago launch a new “Metaverse Certificates” funding scheme by way of tether.