Serial Ponzi scammer Sam Lee’s response to his prison indictment is that victims “lied to regulators”.
Lee’s assertion was made on a latest webinar, amid reviews Lee is gearing as much as launch a brand new Ponzi.
Lee, as co-founder of the HyperTech collection of Ponzi schemes, was indicted final month. The SEC has additionally filed associated civil fraud fees.
As shared by Sian Taylor on the “Hyperverse/Nation/Fund Rip-off – Now What!?”” FaceBook Group, Lee cites his prison indictment as “the worst”.
The worst has already occurred, so it may solely get higher from right here.
And y’know, once you understand the worst is mainly individuals mendacity to regulators, and regulators believing their model of the story and uh… making choices off the again of that.
The DOJ has pegged HyperTech Ponzi losses at $1.89 billion. The SEC has alleged $1.7 billion in losses.
Regardless of being on the heart of HyperTech, Lee has and continues to exhibit a stunning lack of regret and accountability.
Individually, on February 4th Sarah Martin of The Guardian reported Lee is selling VEND and Satoshi Math Membership.
After prison and civil fees had been laid towards Lee final Monday for his alleged position within the HyperVerse crypto scheme, the 35-year-old Australian has appeared in a promotional video on social media for a unique venture known as VEND, urging individuals to “not be within the mindset of loss”.
Satoshi Math Membership appears like a continuation of Lee’s collapsed We Are All Satoshi Ponzi scheme.
The aim of the maths class, or the maths membership, is to only make some calculations that predicts the longer term.
Once we’re capable of predict the longer term, we’re then capable of make calculated bets on the right way to make the most of it.
VEND seems to be an tried spinoff of Lee’s twice collapsed VidiLook Ponzi scheme.
VEND, which stands for Vidilook Effort Never Dies, first appeared round 4 months in the past.
Curiously, VEND’s web site, which now seems defunct, follows the app template utilized by Chinese language “click on a button” Ponzi apps.
Unsure what the story is there however VEND appears to have died off in late 2023. It’s doable Lee is making an attempt to resurrect the rip-off once more.
Replace eighth February 2024 – VEND’s reboot has been arrange on the area “vend.restricted”, privately registered on September twentieth, 2023.
As per the screenshot above, VEND continues to be working as an app-based Ponzi scheme.
For the month of January 2024, SimilarWeb tracked simply ~870 visits to VEND’s web site. 100% of that site visitors is attributed to Brazil. /finish replace
Up till not too long ago Lee was working his varied new Ponzi schemes behind StableDAO.
A go to to StableDAO’s web site right this moment reveals internet hosting was not too long ago suspended:
Lee is an Australian nationwide who fled Australia for Dubai in 2021. As of 2024 Lee, who now has an open US arrest warrant out on him, is believed to nonetheless be hiding in Dubai.
Lee’s companion in crime, Ryan Xu, hasn’t been seen since HyperFund collapsed in late 2021.