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Home » DOJ Charges Three People in $1.9 Billion Crypto Scam – Decrypt

DOJ Charges Three People in $1.9 Billion Crypto Scam – Decrypt

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An Australian and two Americans have been charged with orchestrating a $1.9 billion cryptocurrency scam based around a purported DeFi platform, HyperFund, the U.S. Department of Justice said on Monday.The DOJ accused Australian citizen Sam Lee of co-founding HyperFund and Rodney Burton and Brenda Chunga of promoting it, together defrauding investors of $1.89 billion by claiming that investment returns would come from what the court called “non-existent cryptocurrency mining operations.”“The level of alleged fraud here is staggering,” U.S. Attorney Erek L. Barron for the District of Maryland said in a statement. “Whether it’s cryptocurrency fraud or any other financial frauds, if… 

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