The latest press release from the U.S. Securities and Exchange Commission (SEC) states that criminal charges have been filed against the pyramid scheme project HyperFund for alleged fraud and the sale of unregistered securities. The SEC alleges that the two founders raised nearly $2 billion from June 2020 to early 2022, and even hired actors to pose as the new CEO and deliver speeches to investors.
SEC files lawsuit against HyperFund for cryptocurrency Ponzi scheme, allegedly defrauding almost $2 billion and hiring actors to pretend as CEO