The Guardian found that the supposed boss of a digital cash project, which supposedly lost $1.3 billion of money from investors, might not actually exist. The project is called HyperVerse and stated that Steven Reece Lewis was the CEO. He reportedly had sold a computer company to Adobe and worked for Goldman Sachs. He claimed to have a degree from the University of Cambridge and to have passed from the University of Leeds.
But the two schools do not have him registered on their databases, and the firms he said he worked for have denied the claims.
On top of that, the company register in the UK, and the US Securities and Exchange Commission can’t find him either.
Australian regulators also evidently permitted the company to offer cryptocurrency subscriptions without proper checks.