HyperFund @ BehindMLM

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;

Sam Lee’s VidiLook reboot has collapsed. Withdrawals were disabled on August 29th. Instead of fronting investors himself, Lee left it up to partner-in-crime Shavez Anwar to come up with an explanation.

Sam Lee has announced he’s “rebuilding” his Hyperverse Ponzi scheme. The announcement was made a few days ago, on a webinar hosted by Tami Jackson.

HyperNation has received a securities fraud warning from Quebec’s Autorite des Marches Financiers. As per the AMF’s May 24th investor warning; HyperNation is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec. This is the equivalent of a securities fraud warning in other jurisdictions.

Sam Lee claims he’s stopped funding withdrawals for the collapsed VidiLook Ponzi scheme. Describing the fallout of the decision as “a shitstorm”, Lee stated paying out any more money to VidiLook victims was “throwing money into the dunny”.

The HyperNation Ponzi scheme has collapsed. Circa February 28th, the scheme was rebooted as Satoshi AI.