In a significant development, the Department of Justice (DOJ) recently announced criminal charges against two individuals. It secured a guilty plea from a third person involved in a global crypto Ponzi fraud scheme known as HyperFund, among other aliases.
The Securities and Exchange Commission (SEC) also filed a related civil action, charging two individuals involved in the alleged crypto pyramid scheme, which collapsed in 2022.
DOJ And SEC Expose $1.8 Billion Crypto Pyramid Scheme
Acting Assistant Attorney General Nicole Argentieri of the DOJ’s Criminal Division stated that the three defendants falsely claimed that investors in HyperFund would receive “substantial returns paid from cryptocurrency mining operations, which did not exist.” US Attorney for Maryland Erek Barron described the level of alleged fraud in this case as staggering.
On the other hand, according to the SEC complaint, Xue Lee (Sam Lee) and Brenda Chunga (Bitcoin Beautee) have been charged for their roles in
We współpracy z: https://bitcoinist.com/crypto-crackdown-sec-doj-charge-hyperfund-founders/
