Ronae Valyn Jull, posing as “Hope Hill”, first appeared on BehindMLM’s radar as HyperFund’s Compliance Officer.
This was amusing on the time as a result of, nicely HyperFund was a Ponzi scheme.
Whether or not she got here up with the pseudo-compliance I can’t say, however Jull was answerable for pushing the narrative that renaming investments to “memberships” in some way legitimized a Ponzi scheme.
Jull went as far as to punish (or claimed to), HyperFund associates who didn’t toe the road.
HyperFund inevitably collapsed in December 2021. It was rebooted as Hyperverse however by that time Jull had disappeared.
A reader claimed Jull formally left Hyperverse on Could 1st. Earlier at the moment I got here throughout Jull selling DF Finance, one other MLM crypto Ponzi scheme.
That prompted me to take one other look into Jull, throughout which I discovered HyperFund wasn’t her first Ponzi rodeo. Removed from it.
In 1999 Ronae Jull was indicted and arrested for operating her personal Ponzi scheme. She would ultimately plead responsible and be sentenced to 30 months in jail.
The unhealthy information is Jull was indicted in October 1998. Whereas I can see the case docket in full, early filings haven’t been scanned in.
Nonetheless, from an archived attraction order on CaseText, we study the gist of what Jull was indicted for;
Jull was convicted of 1 depend of wire fraud dedicated to execute or try to execute a scheme to defraud traders, in response to the plea settlement. The scheme was one in all 5 parts to the offense of wire fraud.
Jull induced traders to ship her a minimal of $5000 by providing a return of fifty occasions their funding in ninety days, and he or she misrepresented that the funds could be forwarded to an legal professional group in California.
She additionally misrepresented that she had a masters diploma in psychology.
The federal government submitted to the district courtroom a listing of traders that Jull had given to Michael Wagen, one of many traders in her funding program, to assist her fend off the opposite traders who had been “clamoring for his or her cash.”
A Ponzi scheme. Ronae Jull was operating a 300% Ponzi scheme and bought caught when it inevitably collapsed.
From the case docket, right here’s how Jull’s case performed out;
October twentieth, 1998 – Ronae Jull indicted on six counts of fraud, in Spokane, Washington.
October twenty second, 1998 – October arrest warrant issued in opposition to Jull on October twenty second, 1998.
November tenth, 1998 – Jull arrested.
December 4th, 1998 – Jull’s arraignment held, she pleads not responsible.
December 14th, 1998 – Jull launched on $100,000 property bond with digital monitoring.
March seventeenth, 1999 – Superseding indictment filed in opposition to Jull, particulars twenty counts of fraud.
March thirtieth, 1999 – Jull seems at second arraignment, pleads not responsible.
October nineteenth, 1999 – Second superseding indictment filed in opposition to Jull, particulars thirty-six counts of fraud.
October twenty sixth, 1999 – Jull seems at third arraignment, pleads not responsible.
February seventh, 2000 – Jull requests “appointment of a psychologist”.
February 14th, 2000 – Courtroom approves Jull’s requests, psychological analysis of Jull is ordered.
March seventeenth, 2000 – DOJ requests one other psychological analysis of Jull be carried out, courtroom approves.
April fifth, 2000 – Jurors chosen forward of scheduled April tenth trial.
April tenth, 2000 – Trial day. Jull recordsdata a Movement to Dismiss and reaches a plea settlement forward of scheduled trial.
Courtroom denies movement to dismiss as moot, accepts Jull’s responsible plea on Depend 17. Jury trial vacated.
August 18th, 2000 – Jull recordsdata movement to withdraw responsible plea.
September eleventh, 2000 – Jull’s movement to withdraw responsible plea seems to have been withdrawn or denied.
Jull is ordered to pay restitution to her victims within the quantity of $1,222,333.51.
September twenty second, 2000 – Jull recordsdata attraction in opposition to her restitution order.
November twenty seventh, 2000 – Jull sentenced to 30 months in jail with 3 years of supervised launch. Requested fantastic waived. Ordered restitution quantity is elevated to $1,289,333.51.
December fifth, 2000 – Jull recordsdata second attraction in opposition to sentencing, judgment in opposition to her and ordered restitution.
January twelfth, 2001 – Ronae Jull incarcerated, begins 30 month sentence.
December nineteenth, 2001 – Each of Jull’s appeals are denied.
October 25, 2002 – Jull launched early on probation (21 months served).
Ten years after her launch, the DOJ made an ex-parte submitting pertaining to continued garnishment of Jull’s wages to fulfill her judgment. That February ninth, 2012 order hasn’t been scanned.
On the time Jull was working in nursing properties. Subsequent filings detailing garnishment of her wages.
A Writ of Persevering with Garnishment filed in November 2014 reveals that, on the time of submitting and of the $1,289,433.51 Jull was ordered to pay, “a steadiness of $1,269,994.53 stays excellent.”
Jull’s wages continued to be garnished. As of June 2021 Jull was working in a medical heart in Idaho.
A June ninth, 2021 write of continuous garnishment reveals that, on the time of time submitting and of the $1.2 million Jull was ordered to pay, “a steadiness of $1,082,574.19 stays excellent”.
If I’m studying a June thirtieth, 2021 submitting accurately, Jull ceased working on the Idaho medical heart on March twenty seventh, 2021.
Some later in 2021 Jull joined HyperFund as an investor. She was appointed govt Compliance Officer someday within the second half of 2021.
The final submitting on Jull’s case was docketed on March seventeenth, 2022. It’s a DOJ Movement to Modify Payee. Presumably as a consequence of private info contained within the submitting, the doc shouldn’t be publicly viewable.
If I didn’t know any higher, Ronae Jull is satisfying a $1 million plus Ponzi fraud restitution judgment, by scamming folks in MLM crypto Ponzis nearly 22 years later.
Both that or Jull’s simply pocketing her ill-gotten beneficial properties, I can’t say for positive.
The kicker for me is Jull stumping as a Compliance Officer, for an organization engaged within the very factor she was beforehand convicted for.
In her function as HyperFund’s Compliance Officer, Jull publicly said;
Investments are extremely regulated. With the intention to provide an funding of any variety, or monetary product of any variety, you need 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.
Jull additionally implied HyperFund had obtained approval from FTC attorneys and different “regulatory companies”;
While you take a look at the Service Settlement, that doc … was drafted by the founders and their authorized counsel, together with sitting down with a few attorneys from the Federal Commerce Fee within the US, and authorized counsel for regulatory companies in two different jurisdictions.
They sat down they usually drafted this doc, that may make the HyperFund rewards plan completely authorized in each jurisdiction on the earth.
You’ll be able to’t make this shit up.