3 months ago
1 min read
The US SEC sues Sam Lee and Brenda Chunga for $1.7 billion HyperFund crypto scam
The US Securities and Exchange Commission (SEC) has filed a lawsuit against Sam Lee and Brenda Chunga, also known as Bitcoin Beautee, for alleged involvement in the HyperFund crypto scam worth over $1.7 billion. The SEC accuses them of violating federal laws by promoting deceptive “membership” plans that promised large returns to investors. Note that the duo is accused of misleading investors with false assurances of lucrative profits from HyperFund’s crypto mining activities and their purported affiliation with a Fortune 500 company. In a statement, the SEC emphasized that “the only thing they were mining was their investors’ pocket.” Furthermore,