SEC-PR-2024-11Release ID: SEC-PR-2024-11

Release Date: January 29, 2024

Source :

Source Access Date: April 21, 2024

Headline: SEC Charges Founder of $1.7 Billion “HyperFund” Crypto Pyramid Scheme and Top Promoter with Fraud -Promoter Brenda Chunga (aka Bitcoin Beautee) agrees to settle fraud and unregistered offering charges


  • Xue Lee a/k/a Sam Lee
  • Brenda Indah Chunga a/k/a Bitcoin Beautee
  • SEC Complaint PDF


  • The SEC’s Office of Investor Education and Advocacy directs investors to resources on detecting and avoiding pyramid schemes. Investors can find additional information about pyramid schemes at .
  • The SEC encourages victims of the alleged fraud to contact:
    • Email:
  • Victims interested in learning about the criminal prosecution involving HyperFund should also visit the DOJ Website , which includes information about submitting a victim impact statement and details about potentially recovering their investments.


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