The U.S. Securities and Exchange Commission (SEC) has charged HyperVerse founders with crypto fraud after their alleged Ponzi Scheme stole nearly $2 billion from investors.
HyperFund Fraud Unveiled
US authorities have exposed a $1.9 billion cryptocurrency Ponzi fraud orchestrated by leaders of HyperVerse, a scheme known as HyperFund. Criminal charges filed by the Department of Justice and a related civil action by the SEC reveal a fraudulent enterprise that preyed on investors through fake crypto mining operations.
The SEC lawsuit targets Sam Lee, an Australian residing in the UAE, and Brenda „Bitcoin Beutee” Chunga from Maryland. The duo allegedly lured investors with promises of profits from non-existent crypto asset mining operations. Instead of delivering on these promises, the accused diverted funds for personal gain.
Misappropriation of Funds
According to the SEC, Chunga misappropriated approximately $3.7 million for personal use, including extravagant expenditures on a BMW, de
We współpracy z: https://cryptodaily.co.uk/2024/01/fake-ceo-real-fraud-sec-cracks-down-on-hyperverses-2b-scam
