Rory Conacher: The Scam Artist Behind a New Cryptocurrency Recovery Scheme
Parts of this story, is written by Danny De Hek and is reprinted here with their permission
If you’ve fallen victim to a cryptocurrency Ponzi scheme, the last thing you need is someone coming in under the guise of “help” — only to exploit you again. Unfortunately, this is exactly what Rory Conacher, a name now tied to multiple fraudulent schemes, is attempting to do.
Rory has a long history of promoting Ponzi schemes, including HyperVerse, We Are All Satoshi, VidiLOOK, and others, schemes that have collectively siphoned millions from unsuspecting investors. But now, in an ironic twist, Conacher is positioning himself as the “savior” for the very victims he once preyed upon. His latest ploy? A class-action lawsuit against HyperTech Group and its founder, Sam Lee, who faces charges for running a $1.9 billion Ponzi scheme. However, what Rory is really doing is nothing short of a scam, as he collects money, demands personal information, and gives victims false hope.
Let’s take a closer look at how Rory Conacher is orchestrating this new scheme and why it’s yet another dangerous trap for desperate individuals.
Who Is Rory Conacher?
Rory Conacher is a South African promoter with a troubling history in multi-level marketing (MLM) and cryptocurrency-based Ponzi schemes. His involvement spans multiple fraudulent projects, including:
- Karatbars: A company flagged by regulators for deceptive gold-based investment schemes.
- The Hyper Series: Rory promoted a string of interconnected schemes such as HyperOne, HyperCommunity, HyperCapital, HyperGlobal, HyperFund, HyperVerse, HyperNation, HyperCosmos, and Daoversal — all of which collapsed, leaving victims with nothing.
- Stable DAO: Marketed as a “safe investment,” it too turned out to be a scam.
- VidiLOOK (Live and Beta): Promised returns that never materialized, leading to major losses for investors.
- WE ARE ALL SATOSHI (W.A.A.S.): A shady crypto project Rory pushed before transferring control to another known scammer, Shavez Anwar.
- AVA and V.E.N.D: MLM schemes shrouded in secrecy and false promises.
- HyperBC Exchange: Victims reported missing funds and a lack of accountability from the platform.
Conacher has a long history of disappearing or shifting blame when these schemes collapse. Now, in an audacious move, he claims to lead a class-action lawsuit to recover the funds from HyperTech Group’s victims — but with his track record, how can anyone trust him?
The $15 Cash Grab
Rory Conacher asserts that 20,000 people have pledged $15 each to fund his efforts in a class-action lawsuit, amounting to $300,000. However, his wallet transactions tell a different story.
Tracking his wallet address (TYzL3nFTmVExygkpmPRYXHVG798Uh4YMxE via TronScan) reveals that, over 280 days, only $37,425.99 USDT has been withdrawn. On December 17, 2024, his wallet balance stood at just $493.60.
Key Red Flags:
- Inflated Numbers: Rory claims that 20,000 people have pledged funds, but the wallet transactions indicate a far smaller amount. Is Rory inflating numbers to create a false sense of urgency?
- Payment Gateways: Rory now accepts payments via credit card and bank transfer, citing that victims couldn’t pay in crypto. These methods obscure accountability and make tracking funds difficult.
- Missing Funds: If Rory really raised $300,000 from 20,000 people, why does his wallet show a significant shortfall?
- Dubious Legal Claims: Rory claims to be working with lawyers who charge $400 per hour but refuses to name them or provide proof of any legal action. With under $40,000 raised, how is he affording these legal fees?
This so-called lawsuit is clearly just another opportunity for Rory to profit from desperate victims.
Collecting Sensitive Information: A Dangerous Red Flag
In the “recovery process,” Rory asks victims to submit:
- Scanned passports or government-issued IDs.
- Selfies holding IDs with handwritten signatures and dates (Proof of Life).
- Detailed financial documents, including transaction histories and exchange records.
This demand for sensitive personal information is alarming. Without proper oversight or accountability, it leaves victims open to identity theft, fraud, and further exploitation.
Rory’s Unprofessional Email Instructions
Rory’s communications are filled with red flags that raise further suspicions about his true intentions. For example:
- Free Gmail Address: Rory uses a generic Gmail account (askroryc@gmail.com) to collect sensitive information. Legitimate legal professionals do not use unsecured email addresses.
- Surveys to Track Victims: He encourages victims to fill out surveys to “track issues,” a tactic often used to gather exploitable data.
- YouTube Channel: Rory directs victims to subscribe to his YouTube channel for updates, a highly unprofessional way to manage a legal claim.
These signs of disorganization and lack of professionalism point to one thing: deception.
What You Should Do
If you’ve been a victim of HyperVerse, WE ARE ALL SATOSHI, or similar scams, do not trust Rory Conacher or anyone else claiming to help you recover your funds without proper credentials. Instead:
- Report the scam: Notify your local financial authorities or consumer protection agencies.
- Consult a licensed professional: Seek advice from a licensed lawyer or financial expert, not a self-proclaimed “recovery specialist.”
- Protect your data: Never share sensitive personal information like IDs, photos, or financial details with unverified individuals.
- Stay informed: Follow credible anti-scam advocates and investigators to stay updated on the latest scams and protect yourself from future exploitation.
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