Phoenix, Ariz. - The Arizona Corporation Commission ordered Lisa Anne Boisselle (“Boisselle”) and LABI Investments LLC doing business in Arizona, as Wealthwise, to pay $1,398,900 in restitution and $75,000 administrative penalties for committing securities fraud.

Boisselle was President, Owner, and Chief Compliance Officer of Wealthwise, and they held investment advisory license until February 2022. In 2021, Boisselle began soliciting clients to invest in two cryptocurrency asset-related programs, NovaTech and HyperFund (also known as HyperVerse).

Boisselle solicited $1,398,900 from at least 16 clients between November 2021 and April 2023, to be used for investments in NovaTech and HyperFund. Boisselle represented to some of the investors that their money was safe, secure, and accessible to withdraw at any time and the principal investment amount would grow in their accounts over time.

Beginning about August 2022, domestic and foreign regulators issued warnings to investors and brought legal actions against NovaTech. Boisselle failed to disclose these legal actions to the investors she solicited.

The Commission ordered Boisselle and Wealthwise, and any of their agents to permanently cease and desist from violating the Securities Act and Investment Management Act

Boisselle and Wealthwise failed to request a hearing and failed to file an answer in this matter.

Numerous states, including Arizona, have recently warned investors about fraudulent cryptocurrency schemes.

All documents relating to this agenda item can be found in the Arizona Corporation Commission's online docket at https://edocket.azcc.gov and entering docket number S-21361A-25-0158. For further questions regarding this matter, contact the duty Officer of the Arizona Corporation Commission’s Securities Division at 602-542-0662, or email SecuritiesDiv@azcc.gov.