Overview

The podcast episode delves into the story of the hyper-verse, a multi-level marketing scheme that collapsed, resulting in an estimated $1.3 billion loss for investors worldwide. The episode explores the structure of the scheme, where individuals were convinced to buy memberships in hyper-verse or hyper-fund, promising daily rewards and significant returns. The podcast highlights the involvement of fake CEO Stephen Reese Lewis, who was portrayed as a star of the FinTech world but turned out to have no real existence. Additionally, the episode discusses the role of celebrities' video endorsements and the complicity of founders Sam Lee and Ryan Jew, who have faced allegations and investigation for their involvement in the collapsed scheme.