The Securities and Exchange Commission brought charges against Xue Samuel Lee, the co-founder of HyperFund, and Brenda Indah Chunga, also known as “Bitcoin Beautee,” the fund’s top.
Bizarre videos promoted the alleged Ponzi scheme and senior promoters lived the high life, but for thousands around the world the reality was a huge financial loss
Three charged in federal probe of HyperFund crypto firm; indictment in Maryland outlines $1.89B scheme newsobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsobserver.com Daily Mail and Mail on Sunday newspapers.
The HyperFund Ponzi scheme collapsed in 2022 after promising investors massive returns from crypto minining operations that didn’t exist, the DOJ says.