For years, I’ve spent countless hours uncovering Ponzi schemes and helping victims understand the true nature of these scams. My goal has always been to empower people, helping them avoid losing their hard-earned money. However, my recent experience with an individual I’ll call Ethan Graves (a pseudonym) and his associate, representing companies based in Austria and elsewhere, opened my eyes to a concerning aspect of the recovery services industry. This is my account, my observations, and my opinion, shared to provide cautionary insight to others.

The Podcast That Raised Red Flags

Ethan Graves and I recorded the podcast in one of the meeting rooms at the Global Financial Crime Summit 2024. The discussion centered on the event itself—how insightful the sessions were, the innovative strategies shared by experts, and the importance of global collaboration in fighting financial crime. Ethan brought a cameraman to document the podcast, which seemed like a straightforward way to capture and share the moment.

After the podcast, Ethan posted photos and videos on social media, including images of himself standing at a podium with the summit’s signage prominently displayed in the background. To someone unfamiliar with the situation, these posts might give the impression that Ethan was closely affiliated with the summit or had an official role as a delegate or speaker. In reality, Ethan’s only connection to the event was being invited to record the podcast in the venue.

While the posts didn’t explicitly claim he was part of the summit, in my opinion, the way they were presented could mislead people into believing Ethan was more involved than he actually was. At first, I thought little of it, assuming Ethan was simply proud of being associated with such an important event. However, things began to shift after the podcast aired.

A week after I returned home, I started receiving emails from people who had seen the podcast. Many of these messages were supportive, but a significant number raised serious concerns about Ethan. Several individuals claimed he was a scammer, warning me to be cautious. Others shared documents that painted a troubling picture of his professional activities.

These emails stopped me in my tracks. Until then, I had seen Ethan as a fellow advocate for scam victims—someone committed to helping those who had been defrauded. But the allegations and evidence I was receiving suggested a different story.

The documents I received included:

• Contracts and agreements related to recovery services that raised questions about transparency and fairness.
• Complaints from individuals who claimed they had paid fees upfront but had seen no progress or results.
• Information suggesting that Ethan’s professional partner and their organization were more focused on collecting fees than on delivering real outcomes.

What had started as an impromptu podcast to highlight the value of the summit quickly backfired on Ethan. Instead of boosting his credibility, it prompted people to come forward with concerns and evidence that cast doubt on his intentions.

Returning Home: The Proposal That Changed Everything

Shortly after I returned to New Zealand, Ethan reached out with a proposal that changed my perspective entirely. He explained that he had been discussing with his professional partner at their organisation the idea of pursuing a recovery initiative for victims of Ponzi schemes, particularly HyperVerse. They wanted me to direct victims to their services and, in return, offered to pay me a fl

Buy Me a Coffee
I’m on @buymeacoffee. If you like my work, you can buy me a coffee and share your thoughts.

Support the show