Hyperfund is being touted as a 100% Legal and Legit Investment Opportunity by network marketing distributors. But in recent issues (UK Fraud Warning and now India), is this really the case?
Let’s find out…
I reviewed Hyperfund back in July and came to the conclusion that it was a ponzi scheme (no retail able products and services, unregistered Securities Offer, unsustainable returns) and did not recommend it.
Back in March Hyperfund came under fire by the UK FCA (Securities Regulator) as you can see in the image below.
The first time the UK Fraud warning was published, the FCA blundered it by including an affiliate’s own personal site instead of the actual thehyperfund.com official company site.
However, by August 31st, the FCA updated the original investors fraud warning and ‘included’ the official Hyperfund corporate site.
Instead of registering with the FCA UK Regulator, the admins of Hyperfund told all of their affiliates to not use the word ‘investment’ or ‘investing’ as a way to stay off other world Regulators lists.
However, overzealous network marketing recruiters in India still managed to get under fire by India main stream media…
New Delhi: The government is keeping a close eye on cryptocurrency floating in the market based out of the country folowing alert that agencies responsible to check financial fraud are watching a company called Hyper Fund.
Sources said Hyper Fund, a DEFI by Hyper Tech Group has come under the radar recently. The Group claims to have launched the Hyper Fund to provide a decentralized financial infrastructure. Hyper Fund was announced in mid-2020.
On top of all this, most ruthless (and even desperate network marketers of Hyperfund) are saying the craziest things…
They are claiming that Hyperfund owns is partnered with VISA, owns banks and even has shopping malls.
But when you ask any of these ambitious Hyperfund affiliates and distributors to show proof, no one ever does.
And some people seem so desperate to ‘justify’ the Hyperfund’s legitimacy that they are coming up with the same same ludicrous claims…
“Do More Due Diligence”, “You are lying” and “Don’t believe anything haters say to push their own agenda”.
Why is this all happening?
Many of these network marketers have failed miserably with ‘traditional’ network marketing for years.
Now since the Pandemic, many are hoping to cash in on what they think is low hanging fruit; they think it’s easier to get people into their deal because of the ‘idea’ of investing.
But the same problems exist now with these investment scams like Hyperfund.
Right now the majority of people joining are still:
1- Sponsor Shopping
2- Looking for Leadership
3- Joining Inflencer Marketers
At the end of the day, Hyperfund is still an Illegal ponzi scheme unregistered everywhere in the world except in Australia since they have registered with the ASIC.
The ASIC has been known to allow scams like Beurax (another investment scam that many Hyperfund affiliates used to promote that exit scammed and stole Billions of dollars from investors).
You can read more about the ASIC and Hyperfund’s due diligence report here.
Rory Singh is a Home Business Development Coach, Blogger and You Tube Publisher
I have seen many people, companies and systems come and go in my years online. I have 3 decades of experience in the MLM industry (since the 80’s) and have been online since 2006 (as an affiliate marketer).
I have been doing Reviews since 2013.
If you are still looking for a way to create a full time income and ‘willing’ to learn some marketing, then feel free to take a look at: