Brenda Chunga, 43, of Severna Park, pleaded responsible to conspiracy to commit securities fraud and wire fraud for her function as a promoter of HyperFund, also called HyperTech, HyperCapital, HyperVerse, and HyperNation, US Legal professional Erek Barron introduced.
The plea got here simply 4 days after a federal grand jury returned an indictment charging Sam Lee, 35, an Australian citizen residing within the United Arab Emirates, for the platform’s creation. Co-conspirator Rodney Burton, aka “Bitcoin Rodney,” 54, Miami, Florida, was additionally charged as an alleged promoter.
“The extent of alleged fraud right here is staggering,” Barron stated. “Whether or not it’s cryptocurrency fraud, or every other monetary frauds, if it sounds too good to be true, it most likely is. This workplace and our legislation enforcement companions will maintain perpetrators accountable for these and different fraud schemes.”
Courtroom paperwork say the trio labored to promote funding contracts to the general public by means of HyperFund’s on-line funding platform between June 2020 and November 2022.
The platform’s promotional supplies made numerous false claims, together with that those that bought its “memberships” would obtain between 0.5 and 1 p.c each day rewards till investments had been doubled or tripled.
Moreover, to persuade traders that the platform may make the funds, HyperFund allegedly claimed that they might be partially disbursed from non-existent large-scale crypto mining revenues.
In response to the plea settlement and different courtroom paperwork, Chunga, aka “Bitcoin Beautee,” led on-line investor conferences, together with in Maryland, to advertise the platform’s funding packages and inform attendees, potential traders, in regards to the alleged returns their investments may earn.
She admitted to personally receiving at the least $3 million from her participation within the conspiracy.
As a part of the plea settlement, Chunga is required to pay restitution within the full quantity of the victims’ losses, which the events agree is at the least $3 million, however “may very well be considerably larger,” Barron stated. A sentencing date has not but been set.
“At the moment’s expenses are a testomony to the unbelievable work of HSI New York’s El Dorado Job Pressure,” performing Particular Agent in Cost Erin Keegan of Homeland Safety Investigations (HSI) New York added.
“I commend our legislation enforcement companions, together with these at HSI Baltimore, for his or her excellent collaboration. HSI will proceed to guard American traders from monetary predators.”
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