Independent research site. Not affiliated with the SEC, CFTC, DOJ, FBI or any government agency.

Cases / Crypto & digital assets

HyperFund

Xue Samuel Lee (aka Sam Lee), Brenda Indah Chunga (aka Bitcoin Beautee)

ReportedJan 30, 2024
LocationSeverna Park, MD
Amount$1,700,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
HyperFund
Industry
Crypto asset "membership" packages / purported crypto mining
How investors were recruited
Multi-level marketing promoters (Chunga was a top promoter)
Pitch & red flags
packages "guaranteed investors high returns" from supposed "crypto asset mining operations" and "associations with a Fortune 500 company"

Pitch phrases from this case

Source

SEC official

Related cases · Crypto & digital assets

All crypto & digital assets cases →

Other cases in Maryland

All Ponzi scheme cases in Maryland →