"Alleged $2B HyperFund Cryptocurrency Ponzi Scheme Unveiled by DOJ and SEC"

TL;DR Summary
The U.S. SEC and a grand jury have alleged that HyperVerse, a fraudulent crypto investment scheme, raked in nearly $2 billion by cheating investors with a pyramid and Ponzi scheme, and even hired an actor to pose as its CEO. The SEC lawsuit accuses the founders of cheating investors and demands they return any ill-gotten gains, with one of the accused agreeing to settle the charges. The scheme's promoters are also facing criminal indictments for wire fraud, and earlier this month, another individual was arrested for allegedly defrauding millions through the same scheme.
- HyperVerse's Alleged Ponzi Scheme Raked in Nearly $2B, Hired Actor as Fake CEO CoinDesk
- DOJ and SEC unveil charges in $1.9 billion HyperFund cryptocurrency fraud CNBC
- Australian Sam Lee charged with conspiracy to commit fraud in US for role in ‘Ponzi scheme’ The Guardian
- Former Severna Park resident pleads guilty in what feds call $1.89 billion HyperFund crypto scheme Baltimore Sun
- Maryland 'Bitcoin Beautee' helps bilk $1.8 billion from cryptocurrency backers: Feds Fox Baltimore
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