Posted 1/30/2024, 5:46:00 PM
Influencer Pleads Guilty to Promoting $2 Billion Crypto Ponzi Scheme, Faces 5 Years in Prison
- Brenda Chunga, known as "Bitcoin Beautee," pled guilty to promoting a $2 billion crypto Ponzi scheme called HyperFund
- Chunga made $4 million promoting the scheme on social media and bought luxury items with the money
- HyperFund's co-founder Sam Lee and another promoter "Bitcoin Rodney" were also charged
- Chunga faces up to 5 years in prison, while Burton faces up to 10 years
- The charges show the ongoing US crackdown on crypto fraud amid rising pandemic-era schemes