The fund itself is not a scam, it is using real equity to profit from High Yield Investment Programs, which are all Ponzi schemes that promise huge returns. Strategically investing in these HYIPs is actually profitable because many of these schemes attract large amounts of capital by paying reliably for a year or more before absconding with the money. By analytically vetting for which scams are the most likely to continue paying, it is possible to realize great profits on a high risk, high reward basis. Furthermore, much of the risk is mitigated by diversification, where the fund invests in a variety of different ponzi schemes so it is not substantially effected by one HYIP running off with the money. Also, extra capital will be re-invested under a different name to benefit from "Affiliate Programs." The fund itself is not a scam, you can watch where your money is going on the blockchain, and you will see it going to a diversified array of Bitcoin HYIP's. I believe it is entirely possible for anyone of moderate savvy to invest using this strategy themselves, but it takes a large amount of time to keep track of all the HYIP accounts, and they may not have enough capital to get the highest return programs. Also, the use of fake accounts to profit from referral bonuses is best accomplished by means of vpn, and many people may not want to buy vpn. Most people also lose money even if they set out with a successful strategy because they start investing emotionally. For these reasons, the use of an anonymous, centralized investment fund could be profitable and worthwhile for some investors.