Sometimes it's hard to tell the difference between an outright attempt to scam and mere gross incompetence.

I can't tell you which one of these two alternatives applies in this particular case, but I don't believe it's worth my time -- or anybody's time -- even to bother analysing which alternative it might be.

The claimed financials are so transparently ludicrous it's not even funny.

And incidentally, it would be very easy to come up with those "50 Funds in the Pipeline for FY2014", each of which will be coughing up 12 BTC per annum in fees. All that takes is 600 BTC, which is easily covered by the initial tranche from running the HIF IPRO^* itself -- presto, instantly visible revenues to reassure those "loyal users" and visionary early adopters. And naturally, if each of those 50 funds runs its own IPRO^* to secure even just a fraction of the amount sucked up by first IPRO^*, the whole thing could keep itself running long enough to generate quite the handsome payoff before collapsing.

^*IPRO = Initial Public Rip-Off