- The US Division of Justice has filed legal prices in opposition to two folks and the responsible plea of a 3rd individual for orchestrating a worldwide $1.9 billion cryptocurrency Ponzi fraud scheme often called HyperFund, amongst different names.
- The US Securities and Trade Fee, in a associated civil motion, charged two of them
- The DOJ alleges that from June 2020 via November 2022, Lee and his co-conspirators offered funding contracts on-line via HyperFund’s platform and claimed that buyers would earn returns of between .5% and 1% every day till their unique funding was both doubled or tripled via income from large-scale crypto mining.
Information by way of CNBC
There’s a unending provide of gullible folks for these scams.
This text was written by Eamonn Sheridan at www.forexlive.com.
