Lisa Boisselle Ordered to Pay Restitution over NovaTech and Hyperfund Crypto Sales
On February 4, 2026, the Arizona Corporation Commission ordered financial advisor Lisa Boisselle and her firm LABI Investments LLC, doing business as Wealthwise, to pay $1,398,900 in restitution to at least 16 defrauded investors and $75,000 in administrative penalties after finding that she committed securities fraud by soliciting nearly $1.4 million between November 2021 and April 2023 for purported investments in cryptocurrency programs including NovaTech and HyperFund, falsely representing that client funds were safe, secure, accessible, and would grow over time, failing to disclose regulatory warnings and actions against those programs, and the Commission also issued a permanent cease-and-desist order for violations of the Arizona Securities Act and Investment Management Act.
If you invested in NovaTech, HyperFund, or a similar cryptocurrency investment program and suffered losses, an experienced crypto recovery attorney can evaluate whether you have viable claims against the promoters, financial advisors, brokerage firms, or supervisory entities that failed to conduct proper due diligence or disclose material risks. Call MDF Law at 800-767-8040 for a free and confidential consultation.
Arizona Corporations Commission Order to Cease and Desist
Understanding the Case Against HyperFund
On January 29, 2024, the U.S. Securities and Exchange Commission announced charges against Xue ‘Sam’ Lee and Brenda Chunga for allegedly orchestrating the $1.7 billion crypto-asset pyramid scheme known as HyperFund, which the SEC contends falsely promised high returns from purported crypto mining operations while in reality paying earlier investors with funds from new participants. According to the complaint filed in the U.S. District Court for the District of Maryland, the defendants violated federal anti-fraud and securities registration provisions, and the SEC is seeking permanent injunctions, disgorgement, penalties, and conduct-based restrictions. In parallel, the U.S. Attorney’s Office for the District of Maryland brought criminal charges, and Chunga has reportedly pleaded guilty to conspiracy charges, underscoring regulators’ continued focus on large-scale crypto investment schemes that promise guaranteed returns without legitimate underlying revenue.
According to the SEC’s January 29, 2024 complaint, HyperFund (later rebranded as HyperVerse/HyperNation) operated as a massive global crypto Ponzi and pyramid scheme that raised more than $1.7 billion by selling “membership packages” paid in USDT and promising guaranteed daily returns of 0.5% to 1%, with claims investors could triple their money. Promoters told investors the profits came from crypto mining, trading, and venture opportunities, but the SEC alleges there was no legitimate revenue-generating operation. Instead, new investor funds were used to pay earlier participants and reward recruiters. Withdrawals ultimately stalled, and the platform collapsed, leaving investors unable to recover funds. Against this backdrop, the enforcement action involving financial adviser Lisa Boisselle and her firm, LABI Investments LLC, doing business as Wealthwise, underscores the risks when advisors recommend high-yield digital asset programs like HyperFund or NovaTech without fully disclosing mounting regulatory red flags and the true nature of the underlying business.
Understanding the Case Against NovaTech
On August 12, 2024, the U.S. Securities and Exchange Commission charged alleged crypto company NovaTech Ltd. and its principals Cynthia and Eddy Petion, along with multiple promoters, for operating a $650 million fraudulent multi-level marketing and crypto asset investment scheme that raised funds from more than 200,000 investors worldwide by falsely assuring them their investments were secure and would be profitably traded, when in fact the vast majority of funds were used to pay earlier investors and commissions and substantial amounts were siphoned off for personal use, ultimately collapsing and leaving most investors unable to withdraw their assets, with the SEC seeking to hold both the architects and their promoters accountable under the federal securities laws.
NovaTech’s operation bore the classic hallmarks of a Ponzi scheme: guaranteed or consistent high returns with little transparency, reliance on continuous new investor inflows to sustain payout obligations, aggressive recruitment incentives, lack of verifiable trading performance, and eventual collapse once incoming funds could no longer cover withdrawal demands. Rather than generating legitimate profits, the scheme allegedly recycled investor capital to create the illusion of success.
Did you invest with Lisa Boissolle?
The enforcement action against Lisa Boisselle underscores a critical issue in the crypto-investment space: when a financial advisor recommends high-yield digital asset programs without fully disclosing regulatory red flags, investor harm can be swift and severe. According to the Arizona Corporation Commission, Boisselle solicited nearly $1.4 million from clients for investments in programs such as NovaTech Ltd. and HyperFund while representing that the investments were secure and positioned for growth, despite mounting enforcement activity surrounding those entities. supervise, or securities fraud.
The enforcement action against Lisa Anne Boisselle is a stark reminder of how quickly investor harm can occur when financial advisors recommend high-yield crypto programs without disclosing serious regulatory red flags. According to the Arizona Corporation Commission, nearly $1.4 million was allegedly solicited from clients for investments in NovaTech Ltd. and HyperFund while enforcement activity was already mounting around those entities — yet the investments were portrayed as secure and growth-oriented. When advisors fail to conduct proper due diligence or omit material risks, investors may have claims not only against the individual advisor, but also against the supervising broker-dealer for failure to supervise or securities fraud. If you suffered losses in a crypto program recommended by a financial professional, contact MDF Law to speak with an experienced securities fraud attorney.
Do you need an attorney?
MDF Law offers free consultations to crypto fraud victims nationwide and handles cases on a contingency basis, no fee unless we recover for you. If you invested through a financial advisor in NovaTech, HyperFund, or similar crypto programs and suffered losses, you may have legal options for recovery. Call us at 800-767-8040 or complete the form below for a free consultation.