Politics · 10 hours ago
Reform Councillor Promoted $1.9bn HyperVerse Ponzi
Gordon Griffiths, CC BY-SA 2.0, via Geograph / Wikimedia Commons (Wolverhampton Civic Centre)
Reform UK councillor Susan Lawrence promoted the HyperVerse crypto scheme that US court papers call a pyramid and Ponzi fraud cheating investors of about one-point-eight-nine billion dollars. Lawrence, elected in Wolverhampton, sits on the council's audit and risk committee overseeing multimillion-pound budgets. Reform says she lost her own pension and was herself a victim. The FCA warned the public to avoid HyperVerse in twenty twenty-one.
Reported by The Guardian · How we write briefs