Hyperverse is a broken website. Affiliates can still access HyperFund’s backoffice. MOF is now on the Tron blockchain, allowing Ryan Xu and Sam Lee to create 100 billion MOF tokens. MOF’s stock price has fallen from $2 to less than a cent.
Worried Hyperverse affiliates Instead of explaining what went wrong, Hyperverse brought in serial Ponzi promoter James Lockett to make up for it. Lockett’s post-launch official compliance video suggests Ronae Jull was dropped. Lockett’s Hyperverse presentation is 30 minutes of marketing and compliance fluff. He then tries to explain away HyperFund’s regulatory issues, namely securities fraud.
Now we’d like to update you on HyperGroup’s regulatory response. Several countries have issued warnings about the HyperFund. Still no Hyperverse news. There have been HyperFund securities fraud warnings and investigations from the UK to Guernsey and Germany.
The UK added Hyperverse to their HyperFund securities fraud notice on December 10th. That they have questions. Most of these warnings or investigations stem from members publishing or saying the wrong thing in the wrong way, or both. So we have warnings. Things were misunderstood.
In addition to regulatory investigations, the warnings and investigations concern HyperFund’s and now Hyperverse’s fraudulent business models. To be clear, none of the above regulatory securities fraud notices or investigations involve HyperFund. They’re all aimed at HyperFund and its executives, based on the company’s model.
Accusing financial regulators of “misunderstanding” securities fraud is pure Ponzi compliance. So compliance and legal contacted the regulatory agencies. There are only a few, so it is not a massive trend as some media outlets would have you believe.
Securities fraud reduction is pseudo-compliance. Securities law varies little from country to country. Safeties are regulated in every country. That necessitates financial regulator registration and audited reports.
A Ponzi scheme is an MLM company that does not register with financial regulators and instead commits securities fraud and operates illegally. One is HyperFund, now Hyperverse.
A Ponzi scheme offering 300 percent returns is a problem for regulators. Identifying an investment contract and determining whether a company offering securities is properly registered and filing audited financial reports are the first steps in regulatory compliance. If not, the company is engaging in illegal activities. It is based on the Howey Test.
An investment contract exists when “money is invested in a common enterprise with a reasonable expectation of profits from others’ efforts.” Affiliates invest in a common enterprise (HyperFund and Hyperverse) with the expectation of profits (an advertised 300 percent ROI) (HyperFund and Hyperverse manages the ROI payout).
Whatever you call it (memberships, daily rewards, etc.), if it passes the Howey Test, it is an investment contract under US securities law. The definition of an investment contact outside the US is identical. The Howey Test is used by all financial regulators. The only difference in the US is that it was made public by a Supreme Court case.
Why do you see similar worded securities fraud warnings across jurisdictions when an MLM Ponzi scheme gets big enough to attract regulatory attention? That is all there is to say about Hyperverse compliance.
(Hyperverse) membership is unregulated. And the ecosystem includes both unregulated and regulated services. And as long as we keep them separate, the membership is legal and proper in all countries.
So long as it’s not called a membership, it’s okay. This challenge is extended to non-US Hyperverse investors. Please provide evidence of relevant securities legislation in any country that allows “separate membership” securities fraud.
There are two or three major blogs that deliberately spread misinformation to attract readers. And everything is a con. And it’s not just Hyperverse or HyperFund; everything else is a scam.
You’re giving it too much credit if you pay attention to all this garbage. The issue is that many of us, when we see a blog article that… Let’s look at some examples. Recent claims that Ryan Xu or Sam Lee sold the company and fled, or that the company was shut down and is now reopening, or that they ran out of money and are now a Ponzi scheme are all false. We know it. We also had new claims that our new CEO, Steven Reece Lewis, is a fake. So what? That sticks and stones concept. What they say is irrelevant. We know the truth.
Mr. Xu and Mr. Lee fled to Dubai Blockchain Global liquidators are searching for Ryan Xu and Sam Lee after the company lost $48.9 million AUD. R. Steven Lewis leaves no digital trace. He’s an obscure Boris CEO actor. And Hyperverse is HyperFund 2.0. New paint, same Ponzi scheme. Lockett is gas lighting Hyperverse investors by claiming there is an alternate truth. This is more cult-like behavior than a legitimate business. Adding insult to injury, this is not James Lockett’s first rodeo with a Ponzi scheme. And the game plan is the same.
Lockett made his mark with USI-Tech. USI-Tech began trading forex in 2016. After a year of failure, USI-Tech relaunched as a 150 percent ROI MLM crypto Ponzi scheme. Lockett promoted USI-Tech on his YouTube channel, Global Turbo Team. USI-Tech collapsed in early 2018 after a series of regulatory securities fraud warnings (the pattern is obvious).
USI-Tech executives also fled to Dubai. Lockett spewed the same pseudo-compliance and “don’t listen to the facts” denials for USI-Tech as he does now for Hyperverse. In response to USI-Tech Lockett deleted all denial and promotional videos from Global Turbo Team He used Global Turbo Team to promote other MLM Ponzi schemes.
As the collapses increased, so did the victim backlash. Lockett eventually spit the dummy and deleted his YouTube channel. Lockett turned to Telegram to promote his scams, believing he could better control his victims. Lockett officially left USI-Tech in April 2018.
Lockett’s USI-Tech scam was immortalized on “The Ponzi Show” YouTube channel. Lockett tried My Daily Choice in early 2020. That didn’t work, so he went back to MLM crypto Ponzi scamming. Now he’s in compliance with HyperFund, and we’re here.
Still the same nonsense. Lockett International is a “international lawyer and manager” who promotes Ponzi schemes and falsely claims securities fraud. Lockett is an American. None of his companies or its executives are registered with the SEC. According to Alexa, the US is the top source of traffic for Hyperverse (29 percent).