Reform UK councillor promoted collapsed $1.9bn ‘Ponzi scheme’ HyperVerse that left victims suicidal
Susan Lawrence, a Reform UK councillor in Wolverhampton, previously promoted the HyperVerse cryptocurrency scheme, which has been identified as a $1.9 billion Ponzi scheme. Her current role on the council's audit and risk committee has raised concerns regarding financial oversight.
Why it matters
The situation raises questions about vetting processes for local government officials and the intersection of political office with past involvement in controversial financial schemes.
A promotional video for HyperNation, where HyperVerse members said they were encouraged to migrate after being unable to withdraw funds in 2022. Photograph: HyperVerse A promotional video for HyperNation, where HyperVerse members said they were encouraged to migrate after being unable to withdraw funds in 2022. Photograph: HyperVerse Reform UK Reform UK councillor promoted collapsed $1.9bn ‘Ponzi scheme’ HyperVerse that left victims suicidal Susan Lawrence, elected to Wolverhampton city council, sits on committee overseeing financial reporting of multimillion-pound budget
Prefer the Guardian on Google A woman who promoted a notorious cryptocurrency scam has been elected as a Reform UK councillor and now sits on the audit and risk committee of a major city council.
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