Investors Lose $400K in Savings to Crypto Scheme With Empty Promises
• Vera Gazzard lost $50,000 in savings to a crypto investment scheme called HyperVerse that promised returns of 0.5% per day but stopped allowing withdrawals.
• Gazzard was convinced to join by an acquaintance and then put in more money when transitioned to a new version of the scheme called HyperNation.
• In total across the schemes, Gazzard lost $30,000 initially and then another $15,000 in attempted recovery efforts.
• Gazzard is one of 10 investors interviewed who lost a combined $400,000 to Hyper group schemes.
• Investors feel let down by regulators and want those who set up the schemes to face consequences.