Posted 2/5/2024, 12:22:00 AM
Alleged Fraudster Promotes New Crypto Projects Days After $1.89B Scheme Charges
- Sam Lee appears in videos promoting new investment schemes just days after being charged with fraud in US over alleged $1.89B "ponzi scheme"
- Videos promote new rewards-based crypto projects called VEND and Satoshi Math Club
- Lee urges followers to stay positive, says "worst has already happened" regarding fraud charges
- Consumer advocates say losses from HyperVerse scheme show need for better regulation of crypto investments
- Australia facing calls for urgent action on "gaping hole" in regulations around cryptocurrency amid "scams crisis"