![HyperVerse’s Alleged Ponzi Scheme Raked in Nearly $2B, Hired Actor as Fake CEO HyperVerse’s Alleged Ponzi Scheme Raked in Nearly $2B, Hired Actor as Fake CEO](https://digitallifegaming.com/wp-content/uploads/2024/01/VP533M6BGRDUTD4LZ2D5JJKVOE-768x402.jpg)
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The SEC lawsuit alleges that Sam Lee, an Australian founder who lives in the United Arab Emirates, and Brenda “Bitcoin Beutee” Chunga, a promoter of the business from Maryland, cheated investors with this “pyramid and Ponzi scheme.” Chunga agreed to settle the SEC accusations, the agency said.
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