NBC New York

DOJ and SEC unveil charges in $1.9 billion HyperFund cryptocurrency fraud

The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a worldwide $1.9 billion cryptocurrency Ponzi fraud scheme ...
JD Supra

SEC and DOJ Charge Founder and Promoters of “HyperFund” with $1.7 Billion Crypto Pyramid and Ponzi Scheme

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 promoter, for ...
Crowdfund Insider

SEC Charges HyperFund with Fraud, Alleges Crypto Pyramid Scam, Criminal Charges Filed Too

The Securities and Exchange Commission (SEC) has filed charges against HyperFund and its principles alleging a $1.7 billion “Crypto Pyramid scheme.” By early 2022, investors were said not to able to ...
Crowdfund Insider

DOJ: HyperFund Founder, Promoters Each Face Up to 5 Years Imprisonment for $1.89 Billion Crypto Fraud

As was reported yesterday the founders and promoters of Hyperfund, an alleged $1.89 billion crypto fraud, face both a civil action by the Securities and Exchange Commission as well as criminal charges ...