HyperFund @ BehindMLM

The HyperTech Group series of Ponzi schemes have received a securities fraud warning from the Australian Securities and Investments Commission (ASIC). HyperTech Group related Ponzi schemes cited by ASIC in their March 1st warnings include:

HyperTech and associated Ponzi schemes have received a securities fraud warning from Alberta, Canada. The Alberta Securities Commission added HyperTech, HyperFund, HyperNation and Hyperverse to its Investment Caution List on February 7th.

Serial Ponzi scammer Sam Lee’s response to his criminal indictment is that victims “lied to regulators”. Lee’s assertion was made on a recent webinar, amid reports Lee is gearing up to launch a new Ponzi.

Criminal charges were filed against HyperFund Ponzi promoter Brenda Indah Chunga on January 9th, 2024. The previous month, Chunga, aka Bitcoin Beautee, signed a plea deal with the DOJ on December 17th. Chunga has been charged with conspiracy to commit securities and wire fraud. This is acknowledged and accepted as fact in Chunga’s plea agreement.

Following unsealing of Rodney Burton’s HyperFund criminal case, details of his arrest have been made public. While we knew Burton was arrested in Florida on January 4th, what we didn’t know is Burton was arrested at the airport… with a one-way ticket to Dubai.

HyperFund co-founder Sam Lee and promoter Brenda Indah Chunga have been charged by the SEC. The SEC cites HyperFund as a ~$1.7 billion dollar Ponzi scheme. This tracks with BehindMLM’s HyperFund review, published back in 2021.

HyperFund co-founder Sam Lee and promoters Rodney Burton and Brenda Chunga have been indicted. Lee, aka Xue Lee and Samuel Lee, has been charged with conspiracy to commit securities fraud and wire fraud. Burton has been charged with conspiracy to operate an unlicensed money transmitting business and operating an unlicensed money transmitting business. Chunga, who [Continue reading…]

Rodney Burton, aka “Bitcoin Rodney”, was arrested in Florida on January 4th, 2024. Burton has been indicted on HyperFund fraud charges, filed as part of a wider criminal case in Maryland.

Following a January 3rd article from the Guardian trying to uncover Hyperverse CEO Steven Reece Lewis, I couldn’t help but revisit the collapsed Ponzi scheme. There wasn’t much to go on. I tracked Lewis to Thailand’s nightlife but couldn’t find anything definitive to publish. Someone else who read the Guardian’s article is “Nobody Special” of [Continue reading…]

Sam Lee and his We Are All Satoshi Ponzi scheme have received a Desist and Refrain Order from California. As per the Department of Financial Protection & Innovation’s September 27th order;