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"Crypto Ponzi Schemes: Guilty Pleas, Charges, and Settlements Unveiled"

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Source: Quartz
"Crypto Ponzi Schemes: Guilty Pleas, Charges, and Settlements Unveiled"
Photo: Quartz
TL;DR

Brenda Chunga, also known as "Bitcoin Beautee," has pleaded guilty to her involvement in the $2 billion HyperFund cryptocurrency Ponzi scheme. Chunga, who made nearly $4 million promoting the scheme on social media, faces up to five years in prison, while her co-founder and another promoter also face charges. This case is part of a broader crackdown on cryptocurrency fraud by American authorities, following actions against major exchanges and other fraudulent schemes.

Topics:businesscryptocurrency-fraud#bitcoin-beautee#brenda-chunga#cryptocurrency-fraud#hyperfund#sec
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  1. "Bitcoin Beautee" is pleading guilty to her role in a $2 billion crypto Ponzi scheme  Quartz
  2. DOJ and SEC unveil charges in $1.9 billion HyperFund cryptocurrency fraud  CNBC
  3. Australian Sam Lee charged with conspiracy to commit fraud in US for role in $1.89bn ‘Ponzi scheme’  The Guardian
  4. HyperFund Had More to Lose Than to Gain  Bloomberg
  5. SEC settles with 'Bitcoin Beautee' over $1.7B HyperFund scheme  Blockworks

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