Reform UK councillor promoted collapsed HyperVerse Ponzi scheme
SCAM ALERTredteam/daily · 1 source
- Severity
- Medium
- Sources
- 1
What happened
Susan Lawrence, a former main UK promoter of the HyperVerse cryptocurrency scheme, has been elected as a Reform UK councillor in Wolverhampton city council. US court documents describe HyperVerse as an alleged pyramid and Ponzi scheme that cheated investors out of $1.89bn. She now sits on the council's audit and risk committee, which oversees financial reporting of a multimillion-pound budget.
For IT people · Written by AI from 1 source · Wrong?
What to do
- No action needed.
Written by AI from the sources, checked against them
Full story timeline · 1 update
Who reported · 1 outlet
The Guardian Technology