HyperVerse’s Alleged Ponzi Scheme Raked in Nearly $2B, Hired Actor as Fake CEO

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The SEC lawsuit alleges that Sam Lee, an Australian founder who lives in the United Arab Emirates, and Brenda “Bitcoin Beutee” Chunga, a promoter of the business from Maryland, cheated investors with this “pyramid and Ponzi scheme.” Chunga agreed to settle the SEC accusations, the agency said.

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