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The Latest Breaking News from Ryan Xu

HyperVerse promoter ‘Bitcoin Rodney’ accuses Australian Sam Lee in US court of duping him with ‘elaborate deception’

Rodney Burton says in Maryland district court memorandum he acted in good faith when promoting scheme that allegedly defrauded investors of US$1.89bn, but Lee calls claims ‘baseless’

The Guardian - AU

7 Side Gigs for Boomers

Those looking to make a little more money before or during retirement have a bevy of great options. These roles won't require manual labor or a demanding schedule. Instead, they'll help pad out...

GOBankingRates

German Automakers Are Really Being Left Behind By Chinese EVs

German automakers once controlled 25% of China's market. Five years later, they only have 15% market share.

InsideEVs

From analysis to the latest developments in health,
read the most diverse news in one place.

Former crypto director banned from leaving Australia after Blockchain Global collapsed owing $58m

Liang ‘Allan’ Guo has been deemed a flight risk and ordered to hand over any passports in his possession

The Guardian - AU

Astonishing returns, cult overtones and a ‘perfect virtual world’. How the HyperVerse scheme caught fire online

Bizarre videos promoted the alleged Ponzi scheme and senior promoters lived the high life, but for thousands around the world the reality was a huge financial loss

The Guardian - AU

Victoria police were asked to look at HyperVerse information in 2020 – but sent case back to Asic 22 months later

Australian financial regulator says it referred crypto scheme to police for alleged ‘possible fraud’ and believed matter was under ‘active consideration’

The Guardian - AU

‘I lost my house, I lost all my money’: the retiree taking on the banks over crypto fund loss

Catherina De Solieux is one of several Australians taking legal action against banks who oversaw money transfers to the HyperVerse scheme

The Guardian - AU

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Australian Sam Lee charged with conspiracy to commit fraud in US for role in $1.89bn ‘Ponzi scheme’

HyperVerse crypto schemes, subject of a Guardian Australia investigation, alleged to have defrauded investors of almost A$3bn

The Guardian - AU

HyperVerse crypto scheme targeted developing countries before collapse left some investors ‘suicidal’

Promoters of the scheme, which collapsed owing millions, targeted countries such as Nepal, with claims some investors took out bank loans to buy packages

The Guardian - AU

Asic examines collapsed bitcoin company Blockchain Global after Guardian investigation

Regulator takes action after masthead reveals links between two of company’s directors and a series of failed crypto schemes

The Guardian - AU

‘I do feel bad about this’: Englishman who posed as HyperVerse CEO says sorry to investors who lost millions

Exclusive: Stephen Harrison says he was paid to play role of chief executive of the crypto investment scheme but denies having ‘pocketed’ any of the money lost

The Guardian - AU

HyperVerse crypto promoter ‘Bitcoin Rodney’ arrested and charged in US

Exclusive: Internal Revenue Service alleges Rodney Burton was part of a network that made ‘fraudulent’ presentations claiming high returns for investors based on crypto-mining operations that did not exist

The Guardian - AU

This multi-million crypto rug pull has a new twist: The CEO may not exist

Neither did the returns, thangew!

PC Gamer

The CEO of failed crypto firm HyperVerse boasted an extraordinary résumé. He may be completely made-up

An investigation by The Guardian found no evidence to back the points on his resume or a way to contact him.

Fortune

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The Guardian - AU

Chief executive of collapsed crypto fund HyperVerse does not appear to exist

Steven Reece Lewis was introduced to investors with an impressive list of qualifications and achievements, but no organisation cited can find any record of him

The Guardian - AU

Investors lose millions as crypto schemes operate unchecked in Australia

Exclusive: the New Zealand regulator has warned the schemes could be a ‘scam’ but they have escaped such scrutiny in Australia and thousands have lost money

The Guardian - AU

‘They are so convincing’: Vera Gazzard lost her life savings to HyperVerse

Australians who were convinced to put money into the Hyper group investment schemes say no one has been held to account for their losses

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