Samuel Lee (aka Xue Lee and Sam Lee), co-founder of the HyperCapital, HyperFund and Hyperverse Ponzi schemes, has launched StableDAO.

BehindMLM was able to confirm Lee’s involvement via his appearance in an October 17th StableDAO webinar.

After a brief introduction, Lee fobbed off the webinar to Chief Commercial Officer Garrett Blakeslee.

In a January 2021 interview with the Crypto Revolution Telegram group, Blakeslee
revealed
he “got into crypto back in 2017” through
BitConnect
.

At the time Blakeslee was promoting his company Block Duelers, a collapsed NFT scam.

According to Blakeslee and after
preloading Hyperverse scammers
, StableDAO opened up registrations “a few hours” before the October 17th webinar.

We launched today, about two hours ago.

The early participation program is basically a way for you beautiful people to get in at the ground floor, and to start earning fast and to start earning now.

To drive recruitment of new victims StableDAO is paying $10 per new investor recruited. New investors also receive $100.

Residual recruitment commissions are paid out through a unilevel team.

The catch is this is all paid out in StableDAO “credits”.

StableDAO operates from the domain “stable.limited”, privately registered on September 28th, 2022.

Also speaking on the StableDAO webinar was Nicholas Hofgren, who laid out StableDAO’s Ponzi offering.

(In) one of the projects we’re working with we’ve received MOUs for refinancing. This allows us to secure a return in a three-month period. Which makes us very happy.

The property is being purchased at a nominal rate of about 8.5 ringgit per square foot, and we have a refinancing that allows us to make approximately 33% on our invested money.

Ringgit is the national currency of Malaysia.

StableDAO’s scam is wrapped in finance bro jargon. Front and center on its website is the claim CitiBank is involved:

I can guarantee you now CitiBank has nothing to do with StableDAO or Sam Lee. At least not knowingly.

The gist of StableDAO’s fraudulent scheme is new suckers sign up and invest on the promise of returns, purportedly tied to real-estate (evidently in Malaysia and elsewhere).

This fails the Ponzi logic test for obvious reasons. If StableDAO has already signed MOUs that will generate 11% a month, what do they need your money for?

The answer is, like all of Sam Lee’s Hyper* scams before it, StableDAO is yet another Ponzi scheme.

Lee touts StableDAO investors will earn 4% a month on invested funds.

invest over $500,000 and you’ll receive an extra 1% a month

invest over $1,000,000 and you’ll receive an extra 2% a month

invest over $5,000,000 and you’ll receive an extra 3% a month

Funds invested into StableDAO are locked up for 10 years (i.e. you’ll never see them again).

Farzam Kamalabadi, a StableDAO Non-executive Chairman, also spoke on the webinar.

Kamalabadi owns the HOO cryptocurrency exchange. HOO was heavily integrated into HyperFund and Hyperverse, dating back to at least

🤖 Quick Answer

Who is Samuel Lee and what is his connection to StableDAO?
Samuel Lee, also known as Xue Lee and Sam Lee, is a co-founder of HyperCapital, HyperFund, and Hyperverse schemes. He launched StableDAO and was confirmed involved through his appearance at an October 17th webinar, subsequently handing responsibilities to Chief Commercial Officer Garrett Blakeslee.

What is Garrett Blakeslee's background in cryptocurrency?
Garrett Blakeslee entered cryptocurrency in 2017 through BitConnect, as revealed in a January 2021 Crypto Revolution Telegram interview. He previously promoted Block Duelers, an NFT project that subsequently collapsed before joining StableDAO.

When did StableDAO open registrations?
StableDAO opened registrations a few hours before the October 17th webinar. According to Bl

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