The latest complaint filed by the SEC reveals that the Ponzi scheme HyperFund hired an actor to impersonate its new CEO at the launch of HyperVerse, even though the executive who spoke at the launch event, Steven Reece Lewis, was just a Thai TV host. . With no apparent legitimate source of income, investor withdrawals were paid for with new investor deposits, the SEC said in its complaint.
It is reported that HyperVerse is a fraudulent cryptocurrency investment scheme that illegally raised nearly $1.9 billion. The U.S. SEC has currently issued a criminal complaint against it. The sub-brands of this online investment business include HyperFund, HyperCapital and HyperTech. (CoinDesk)