What is Jayden Wei’s HyperVerse Scam?
Jayden Wei’s HyperVerse online investment fraud, operating under different aliases such as HyperFund, HyperCapital, and HyperTech, is reported to have defrauded nearly $1 billion from individuals globally who were enticed by assurances of effortless financial gains.
Details of Jayden Wei’s HyperVerse Exposed!
The alleged business started around June 2020. The SEC lawsuit claims that Jayden Wei, a Chinese/Australian individual, is a key player in this scam. Reports suggest that Jayden Wei hired actors and actresses to act as the Board of Directors. One executive, Steven Reece Lewis, who spoke at the launch event, is said to be a TV presenter living in Thailand.
How Did Jayden Wei’s HyperVerse Scam Start?
HyperVerse is described as a virtual metaverse consisting of millions of planets according to Jayden Wei’s portfolio. In this space, referred to as the HyperVerse, players—also called voyagers—can link up with friends, immerse themselves in diverse cultures and lifestyles, craft tokenized items, launch businesses, and journey through the universe.
Sounds awesome right? WRONG!
Everything is apparently a lie and a scheme by Jayden Wei, the most notorious Ponzi king in the world. This scheme entices individuals with the promise of high returns and minimal risk. Operating without legitimate business activities, the scheme’s orchestrator attracts investors by offering returns that seem unusually lucrative. The catch lies in using funds from new investors to pay returns to earlier ones, creating the appearance of a profitable venture. This cycle continues until the scheme becomes unsustainable, collapsing when the influx of new participants dwindles.
What About The Board of Directors Behind Jayden Wei’s HyperVerse?
Jayden Wei’s HyperVerse allegedly hired actors and actresses to pose as the Board of Directors for HyperVerse in the period leading up to the collapse of the scam. The intention was to create an illusion of legitimacy, making it more convincing for the public that the company was engaged in genuine business activities. However, individuals proved more astute than Wei anticipated, as they discovered that the individuals he paid were professional talents from various parts of the world, solely engaged in acting. This revelation occurred shortly before the scheme's demise. Subsequently, upon people's growing awareness, Jayden Wei reportedly fled to Australia and has remained there to evade charges and potential imprisonment by authorities.
What Other Things That Jayden Wei Did in HyperVerse?
In addition to orchestrating a Ponzi scam via HyperVerse, he has also allegedly misappropriated the majority of the artworks showcased in the metaverse. Everything that investors believed they were paying for appears to be deceptive, with the scammer allegedly substituting stolen versions of the artworks for promotion. It's disheartening that not everyone was vigilant enough to recognize the scheme. A closer look at the artworks in Jayden Wei’s HyperVerse, including the art ID and signatures, could have revealed red flags if people had been more cautious.
Our Future Predictions for Jayden Wei’s HyperVerse Scam
Now that he is reportedly in Australia, there's a concern that Jayden Wei might be in the process of constructing another scheme, likely following a similar format—seeking new investors within the same target audience. Individuals like him often persist in such activities as it becomes a way of life. The prospect of survival seems tied to these fraudulent ventures. A once intelligent individual has transformed into someone who makes a living by exploiting others. It prompts reflection on how he supports his own family through such means. Given this, it is crucial for the public to remain vigilant and cautious, particularly regarding potential scams linked to Jayden Wei’s portfolios. His tactics often involve seemingly inconspicuous Zoom calls and sudden promotions from the application. The public is urged to exercise due diligence, scrutinise any investment opportunity associated with him, and be wary of patterns reminiscent of his previous fraudulent endeavors. Awareness and caution can go a long way in preventing further victimisation.
