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James Lockett is used to fabricate securities fraud



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).

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Meta Utopia- Crook Review




A few days ago, we put out its review of Meta Utopia.

“Metaverse” MLM crypto Ponzi scheme that isn’t very interesting on its own.

As part of our research, we found a link between Nicholas Coppola and the man who started the Ponzi scheme.

Or rather, he did it through an Instagram story that has since been deleted:

Coppola wasn’t happy about being linked to Meta Utopia in public, it turns out. He only wants to hide the fact that he is a crypto-bro Ponzi scammer.

Today, Nicholas Coppola joins the DMCA Wall of Shame.

Over the past 24 hours, “Dincer Odabasi” from “Copyright Support” has sent us two emails. Nicholas Coppola’s emails were sent on his behalf.

Copyright Support says on its poorly made website that it will

Negative or damaging news that can be found on the Internet and in Google search results should be taken down for good.

In his first email, Odabasi tries to pull the old “right to be forgotten” scam.

“Dear Madam,

Because of the right to be forgotten and because of the privacy clause, we want the content to be blocked.

We tried to get in touch with the website that posted the content, but we didn’t hear back. So, we give you the content and ask you to turn it off.

As everyone knows, according to the first paragraph of Article 9 of Law No. 5651 on the Regulation of Broadcasts Made on the Internet and Combating Crimes Committed Through These Broadcasts, if they can’t get to it, they can send a warning to the hosting provider and ask that the content be taken down.

Again, the second paragraph of the same article says that “the content and/or hosting provider must respond to requests from people who say their personal rights have been violated by the content of an online broadcast within twenty-four hours at the latest.”

We want the case that was filed on our behalf to be taken care of. Because of the European right to be forgotten and the privacy of private life, we have the right to limit access to content.

Please note that we’re asking you to take down the content because we’ve tried to reach the owner but haven’t heard back. That’s why we want and need you to take it down.”

This is a form letter that con artists send out. I know that because Odabasi put the same notice to Amazon from another email about a different website and client (ruhroh GDPR fail) into the body of the email he sent me.

In any case, the “Right to be Forgotten” law in Europe is used by scammers to hide their pasts, no matter how good the lawmakers’ intentions may have been at first.

The Right to be Forgotten is not part of EU law, so we don’t recognise it. Also, it takes four days from the date of publication until a right-to-be-forgotten takedown notice is sent.

Odabasi went on to say that Turkish law had something to do with the US, which was not true.

Due to the Right to be Forgotten and the USA Legal Content Removal Request Pursuant to Law No. 5651, we can’t take down the content we told you about because it’s in the Constitution.

“The Right to be Forgotten and the USA Legal Content Removal Request” is not a thing, even if that sentence makes no sense. It’s not true at all.

Turkey passed Law No. 5651 in the year 2020. It only happens in Turkey and has nothing to do with the United States.

Odabasi sent another email a few hours after the first one. This time, he threatened to take action because of copyright issues.

“We want you to remove any content that reveals personal information about our representative.

If you don’t get rid of the news content, we will file a copyright claim with your hosting company, Google.

I’d like you to put the story away, please.


As our Policy says, we often use “third-party logos and images,” which is allowed by US copyright law through “fair use.”

We don’t need permission from the people who own the rights to the images we use in our MLM news and reviews. Period. 

The DMCA takedown process is being abused when fair use isn’t taken into account and a fake DMCA is filed. Not only will it not work, but the person who submitted it is lying.

Even though it’s clear that Copyright Support doesn’t care about the law, it’s still important to point out their hypocrisy.

Scam businesses like Copyright Support depend on the fact that the publisher or service provider they are after doesn’t know what they are doing.

Nicholas Coppola has publicly linked himself to Meta Utopia and is involved enough to be close to the Ponzi scheme’s founder, who has not yet been named.

It is not against any US law to publish this information with proof attached.

Update, July 2, 2022: Dincer Odabasi is now committing twice as much DMCA fraud as he was before.

Odabasi sent Google a “court order” on June 28 that says the same thing: “It’s against the law to search for scammers!” Stupid, but it also says this:

Based on the privacy clause of private life and the court document we will send you, we want the content to be taken down from publication and blocked from access.”

Odabasi is saying that a Turkish law is a “court document” that keeps scammers from telling the rest of the world. Oh dear.

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Laetitude- Crook Review




Investors such as Laetitutde and Swapoo are circumspect on issues affecting investor wallets and active investments. 

According to a Latitude News report dated August 13th, You have gotten one or two emails from Swapoo in the past several days, which also affects our Laetitude members. 

Due to the continued strong relationship between Swapoo and Laetitude, we can guarantee that these changes will not affect your Laetitude accounts. Latitude will continue to operate as usual.   

The alterations made by Swapoo will have an effect on the wallet and the bots. However, we are aware that wherever there are obstacles and closed doors, new doors will emerge to provide opportunities for greater success. 

Swapoo is merely adjusting to the ever-changing regulatory environment and market situations.

The details of the e-mails sent are kept confidential. I have not encountered any examples in nature. 

Regarding “evolving regulatory landscapes,” Laetitude is a Ponzi scheme operated by Swapoo. 

David El Dib operates Laetitude from Dubai, the center of MLM fraud. Swapoo is run by Dave Martin, who is from the Philippines.El Dib and Martin have both established themselves on the BitClub Network. 

The investigation by the Department of Justice found BitClub Network to be a $722 million Ponzi scheme. The founders of BitClub Network were arrested in 2019. 

El Dib and Martin commit securities fraud and operate their own Ponzi scheme through Laetitude and Swapoo. The regulation of securities is not novel. For decades, every nation with a financial market has regulated securities fraud. 

The Ponzi fraud announced a remedy for lost Swapoo wallets in a follow-up “Laetitude News” post dated August 26;  

As you are likely aware, Laetitude no longer utilizes Swapoo for secure wallet services. As a result, we have recently implemented the ability to fund, purchase, and withdraw directly within Laetitude. 

In light of this, we would like to encourage you to login and withdraw your balance as soon as possible, and to continue withdrawing your balance as your compensation earnings increase. 

Laetitude lacks the two-factor authentication security offered by Swapoo, so it is essential that you protect your account with a formidable password. Again, what is occurring behind the scenes is kept secret. 

The only clue I could locate was a query posted two weeks ago on Swapoo’s most recent Instagram post. 

Swapoo has not published any new social media updates since July 30. This date also marked the last Facebook update posted by Laetitude. 

The lack of visitors to both Laetitude and Swapoo suggests that the Ponzi scheme is running out of money to pay investment withdrawals. 

The Philippine Securities and Exchange Commission is one of the most active securities regulators worldwide.

It is unclear whether they have anything to do with Swapoo’s issues.  

Whatever else is occurring, it is rare for wallets to be abruptly shut off and placed up as unsecured in-house assets. 

Keep up to date on any future developments.

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GSPartners- Crook Review




GSPartners has dropped its claim of harassment against Chris Saunders. Saunders is the owner and operator of the YouTube channel Grit Grind Gold, which he uses to critique and report on the GSPartners Ponzi scheme. 

In late January 2021, Saunders was sued for harassment by owner Josip Heit and promoters Michael Dalcoe and Antonio (Tony) Euclides Menesis De Gouveia. 

Heit and the GSPartners Plaintiffs alleged that Sunders’ videos about the Ponzi scheme were defamatory. 

Additionally, Heit took offense when Saunders pointed out his position in Karatbars International’s collapsed KBC Ponzi scheme.  

GSB Gold Standard Corporation AG, Josip Heit, Michael Dalcoe, and Tony De Gouveia submitted a dismissal stipulation on July 29.  

Christopher Saunders, the defendant, executed a declaration in connection with the aforementioned case on July 29, 2022. 

Plaintiffs GSB Gold Standard Corporation AG, Josip Heit, Antonio Euclides Menesis De Gouveia, and Michael Dalcoe, by counsel and with the signature and agreement of counsel for Defendant Christopher Saunders, stipulate to the dismissal without prejudice of all claims in this matter pursuant to the Saunders’ Declaration.

The aforementioned stipulation from Saunders proves that he was granted permission. 

Mr. Ovidu Toma in relation to the Plaintiffs’ assertions and declarations. Since January 2020, Mr. Ovidu Toma has provided me with evidence of Mr. Harald Seiz’s alleged involvement in Karatbars’ wrongful conduct.   

“Ovidu Toma” refers to Ovidiu Toma, the former Chief Technology Officer of Karatbars International. 

Today, Toma serves as the CEO of CryptoData. Romania-based CryptoData sells encryption hardware. 

To return to Saunder’s assertion: I was aware, based on first-hand knowledge of facts and documents, that any alleged wrongdoing committed by Karatbars in relation to its Miami crypto bank and the issuance of KBC/KBC tokens was committed by Karatbars’ CEO, Mr. Harald Seiz, and that said wrongdoing was committed prior to any affiliation between Karatbars and GSB/Mr. Heit.

This is an odd concession to provide. Heit was the public face of Karatbars’ initial excursion into crypto-asset fraud. In an April 2019 interview, Seiz is referred to as a “major investor and board member” of Karatbars International. In Dubai, Karatbars was selling a “blockchain phone” at the time. When challenged about his remarks on the occasion, he responded, and I quote, ” You mentioned the KBC coin.

You stated that it is probable that it is one kilogram of gold. Is this truly a possibility? Heit reacted. Yes, of course it’s feasible. Nobody believes that many individuals perceive, at the appropriate moment, that they can join us.  

We currently have a market valuation of approximately $300 million as of the previous week or two weeks. And now there are about a billion of us.   

Is it not yet understood?  

And when the mainnet is implemented, which will occur very soon, within a few months we will have a market capitalization of over $200 billion. After months of Heit and Seiz promoting Karatbars’ KBC, the KBC Ponzi coin dropped 62% following the hype event on July 4, 2019. 

Heit, not Harald Seiz, was sent to address and explain the collapse to irate investors. KBC continued to leak throughout the subsequent months until it was eventually abandoned.

Heit had cashed out, left Karatbars, and launched his own Ponzi offshoot, GSPartners, before the end of 2019. The GSPartners Ponzi coins have performed no better than those of KBC.

G999 is supported by wash trading, which I believe is steadily depleting GSPartners’ second Ponzi scheme, LYS. G999 is being washed at approximately 0.002413. At $66.78, LYS continues to drain. 

GEUR was launched earlier this month as a result of the continuous failure of G999 and LYS to take off. GSPartners and Heit symbolize the euro-pegged GEUR currency. It is thought that GEUR was developed because GSPartners investors no longer desired to hold G999 and LYS. 

GEUR does not exist outside of GSPartners as of the publication date. GSPartners uses GEUR to support its most recent 300% ROI Ponzi scheme, metaverse certificates. 

In the event that GSPartners and Saunders achieved a settlement, it has not been made public. Other than wrongly saying that Heit was not involved in the Karatbars KBC scam, Saunders has not recanted any of his GSPartners-related statements.  

The court authorized the GSPartners plaintiff’s Stipulation of Dismissal on August 2nd. This concludes GSPartner’s harassment lawsuit against Saunders.

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