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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
Organized Crime and Corruption Reporting Project
The HyperFund Ponzi scheme collapsed in 2022 after promising investors massive returns from crypto minining operations that didn’t exist, the DOJ says.
A US court and the Securities and Exchange Commission (SEC) have slapped charges on three individuals that include an Australian citizen for allegedly perpetrating a fraudulent cryptocurrency scheme known as HyperFund, raising $2.6 billion (US$1.7bn).