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The Financial Markets Authority of New Zealand has warned HyperFund about possible fraud with securities.

As the FMA warned on September 30;

Multi-Level Marketing (MLM) is how HyperFund works, and it claims to offer passive investment opportunities.

We’ve heard that they’re looking for investors in New Zealand through affiliates.

It is not registered or licensed in New Zealand to offer financial services or products.

In other places, this is the same as a warning about securities fraud.

HyperFund is a new version of the Ponzi scheme HyperCapital, which failed. Ryan Xu runs both scams under the name “HyperTech.”

Xu has connections to both Australia and south-east Asia. No one knows where he is right now.

New Zealand isn’t the only country to take action against HyperFund. The UK and India have also done so.

Alexa says that most people who visit HyperFund’s website come from the United States (32%), Canada (11%), and India (8%).

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