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Recover Your Losses from Amey Finance Academy

Amey Finance Academy Ltd was wound up by the High Court in April 2024 following an Insolvency Service investigation into its promotion of cryptocurrency schemes like HyperFund. If you transferred funds from a UK bank account, a refund claim may be possible — even if your bank has already refused.

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important information about scam and fraud claims

Why Choose Compensation Adviser

Our specialist fraud recovery team understands the devastating impact of cryptocurrency scams. We have extensive experience investigating complex cases like Amey Finance Academy and the HyperFund scheme, identifying regulatory breaches, and holding financial institutions accountable for failing to protect their customers.

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What Was Amey Finance Academy?

Amey Finance Academy Ltd was an unregulated company established in December 2018 by Desmond Amey. The firm presented itself as an “industry-leading education academy” and an independent consultancy offering financial services and wealth creation expertise, primarily focusing on cryptocurrency investments.

Despite claiming to be authorised and regulated by the Financial Conduct Authority (FCA) on his email signatures, Desmond Amey and his firm were not authorised to provide financial advice in the UK. In July 2022, the FCA issued a formal warning that Amey Finance Academy was an unauthorised firm targeting people in the UK.

In April 2024, the High Court ordered the winding up of the company following an investigation by the Insolvency Service. The investigation revealed that the firm had “recklessly persuaded individuals to invest in cryptocurrency schemes and mislead them about the risks of doing so.” The Insolvency Service also found that approximately £5 million had passed through the company’s bank account between October 2019 and March 2022 without adequate accounting records.

How the Amey Finance Academy and HyperFund Scheme Worked

A significant part of Amey Finance Academy’s operations involved promoting cryptocurrency schemes run by other entities, most notably HyperFund (later known as HyperVerse). HyperFund was a massive global Ponzi scheme that raised an estimated $1.7 billion from investors worldwide before collapsing.

Desmond Amey offered false assurances to consumers that their cryptocurrency investments were solid. In WhatsApp messages uncovered by investigators, he told one customer that the investments were “100 certy” and to “trust me bro.” Another investor was falsely assured that their investment would not drop below 90%, only to subsequently lose all their money.

When investors attempted to withdraw their funds from the HyperFund scheme, they found themselves unable to do so. The scheme’s founders, including Sam Lee, were later charged with fraud by the US Securities and Exchange Commission (SEC) in early 2024.

Many UK victims were introduced to these high-risk, fraudulent schemes through the “educational” seminars and concierge services provided by Amey Finance Academy, believing they were receiving legitimate financial advice from an FCA-regulated professional.

Signs You May Have Been Misled by Amey Finance Academy

If you interacted with Desmond Amey or Amey Finance Academy, you may have been exposed to misleading information and high-risk investments. Look out for these red flags:

You were told the firm was authorised and regulated by the FCA.

You were given assurances that your investment was "100% secure" or "100 certy".

You were told your investment value would not drop below a certain percentage (e.g., 90%).

You were encouraged to invest in HyperFund, HyperVerse, or Bleuguava.

You were pressured to trust the advisor ("trust me bro") rather than provided with formal risk disclosures.

You transferred funds to Amey Finance Academy believing they were acting as a secure concierge service.

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What to Do If You Lost Money Through Amey Finance Academy

Stop All Payments

Do not send any more money to Amey Finance Academy, Desmond Amey, HyperFund, or any associated cryptocurrency platforms.

Secure Your Accounts

Change passwords for your banking and cryptocurrency exchange accounts immediately to prevent unauthorised access.

Gather Your Evidence

Collect all WhatsApp messages, emails, bank statements, and promotional materials provided by Desmond Amey or the academy.

Contact Your Bank

Notify the bank or e-money institution (like Revolut) you used to make the transfers. They have a duty to protect customers from fraud.

Report to Action Fraud

File a report with Action Fraud, the UK's national reporting centre for fraud and cybercrime.

Seek Professional Help

Contact Compensation Adviser for a free review of your case to explore recovery options through the Financial Ombudsman Service.

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Can I Recover Money Lost to Amey Finance Academy?

Yes, recovery may be possible even though Amey Finance Academy has been wound up and the HyperFund scheme has collapsed. Because the firm itself is in liquidation and was unregulated, claiming directly against them is unlikely to succeed. However, the most viable route for recovery is often through your bank or payment provider.

Under UK regulations and the Contingent Reimbursement Model (CRM) Code, banks and Electronic Money Institutions (EMIs) have a regulatory duty to protect their customers from Authorised Push Payment (APP) fraud. They are required to monitor accounts for unusual activity—such as sudden large transfers to cryptocurrency exchanges—and provide effective warnings.

If your bank failed to intervene appropriately or ignored obvious red flags when you transferred money to Amey Finance Academy or cryptocurrency platforms to fund these investments, they may be held liable for your losses. If the bank refuses your claim, it can be escalated to the Financial Ombudsman Service (FOS) for an independent decision.

Why Choose Compensation Adviser for Your Amey Finance Academy Claim?

Specialist Knowledge: We deeply understand the mechanics of cryptocurrency scams and the specific details surrounding the Amey Finance Academy and HyperFund collapse.
Regulatory Expertise: We know exactly what obligations banks have under the CRM Code and FCA regulations, and how to prove they failed to protect you.
Ombudsman Experience: We have a strong track record of successfully escalating complex crypto fraud cases to the Financial Ombudsman Service.
No Financial Risk: We operate on a strict no-win, no-fee basis, meaning you only pay if we successfully recover your funds.

Frequently Asked Questions

What happened to Amey Finance Academy?

Amey Finance Academy Ltd was shut down by the High Court in April 2024 following an Insolvency Service investigation. The investigation found that sole director Desmond Amey had recklessly persuaded individuals to invest in cryptocurrency schemes, misled them about the risks, and failed to maintain adequate accounting records for the £5 million that passed through the company’s accounts.

Was Amey Finance Academy regulated by the FCA?

No. Despite Desmond Amey claiming on his email signature that he was authorised and regulated by the Financial Conduct Authority (FCA), the firm was entirely unregulated. The FCA issued a formal warning against Amey Finance Academy in July 2022, stating they were an unauthorised firm targeting people in the UK.

What is the connection between Amey Finance Academy and HyperFund?

Amey Finance Academy actively promoted HyperFund (also known as HyperVerse), which turned out to be a massive $1.7 billion global Ponzi scheme. Desmond Amey encouraged his clients to invest in this scheme, offering false assurances that their investments were secure and would not drop in value.

My bank has already refused my refund request. Can you still help?

Yes. It is very common for banks to initially reject fraud claims, often blaming the customer for authorising the payment. We can review your bank’s final response and, if we believe they failed in their regulatory duties to protect you, we can escalate your case to the Financial Ombudsman Service on your behalf.

How long does the recovery process take?

The timeline varies depending on the complexity of the case and the bank’s response. Initial complaints to the bank can take up to 15-35 days for a final decision. If the case needs to be escalated to the Financial Ombudsman Service, it can take several months to reach a resolution.

What are your fees?

We operate on a no-win, no-fee basis. If your claim is successful, we charge a fee of 15% + VAT of the total compensation awarded. If we do not recover any money for you, there is no fee to pay.

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