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

HyperVerse was a nearly $2 billion fraudulent crypto investment scheme with a fake CEO at its helm, the U.S. Securities and Exchange Commission (SEC) and a grand jury allege in a lawsuit and criminal indictments against two of its leaders. The online investment business, which variously carried brands including HyperFund, HyperCapital and HyperTech, is said to have taken as much as $1.89 billion from people around the world who were drawn in by promises of quick riches. The business began around June 2020. The SEC lawsuit alleges that Sam Lee, and Brenda "Bitcoin Beutee" Chunga, cheated investors with this "pyramid and Ponzi scheme."

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