Reform UK councillor promoted collapsed HyperVerse Ponzi scheme
SCAM ALERTredteam/daily · 1 source
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What happened
No technical vulnerability is involved; this is a fraud and governance story. US court documents describe HyperVerse as an alleged pyramid and Ponzi scheme that defrauded investors worldwide of an estimated $1.89bn. A UK promoter of the scheme, Susan Lawrence, now sits on the audit and risk committee of Wolverhampton city council, which oversees financial reporting of a multimillion-pound budget.
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Who reported · 1 outlet
The Guardian Technology