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

02.22.24

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 securities violations.[1]  Additionally, the United States Attorney's Office for the District of Maryland brought criminal charges against Lee for allegedly co-founding the fund,[2] and conspiracy charges...

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