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 against Chunga and Rodney Burton, a/k/a “Bitcoin Rodney,”[3] for their roles as alleged promoters of the fund.[4]  These three individuals face a maximum penalty of up to five years in prison.  The SEC alleges that for almost two years, from January 2020 until November 2022, Lee conducted a $1.7 billion Ponzi and pyramid scheme on a global scale. Continue Reading SEC and DOJ Charge Founder and Promoters of “HyperFund” with $1.7 Billion Crypto Pyramid and Ponzi Scheme