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HyperFund - Baltimore, Maryland – Three individuals are charged in U.S. District Court in Maryland for orchestrating a $1.89 billion cryptocurrency fraud scheme.
A federal grand jury has returned an indictment charging Sam Lee, age 35, an Australian citizen residing in the United Arab Emirates for allegedly co-founding HyperFund, also known as HyperTech, HyperCapital, HyperVerse, and HyperNation. The indictment was returned on January 25, 2024, and unsealed today. Co-conspirator Rodney Burton, a/k/a “Bitcoin Rodney,” 54, of Miami, Florida, is charged by criminal complaint for his role as an alleged promoter of HyperFund. Co-conspirator Brenda Chunga, 43, of Severna Park, Maryland, pleaded guilty today to her role in the fraud scheme.
www.justice.gov...
OneCoin - OneCoin was described by The Times as "one of the biggest scams in history". US prosecutors alleged the scheme brought in approximately $4 billion worldwide. In China, law enforcement recovered 1.7 billion yuan (US$267.5 million) while prosecuting 98 people.
MONEYWATCH
Cryptocurrency fraud is now the riskiest scam for consumers, according to BBB
moneywatch
By Khristopher J. Brooks
Edited By Aimee Picchi
March 6, 2024 / 6:28 PM EST / CBS News
Cryptocurrency and other investment scams are now the riskiest type of cons in the U.S., with crypto fraudsters frequently cheating their victims out of thousands of dollars, the Better Business Bureau said.
Scammers have found creative ways to cheat investors out of their money, the BBB said in its annual report about the biggest scams of 2023, which is based on 67,000 reports of scams.
About 80% of Americans targeted in crypto and investment scams last year lost money, the BBB reported. The median dollar amount lost was $3,800, "but many people lose much more than that" in crypto scams, said CBS News national consumer investigative correspondent Anna Werner.
www.cbsnews.com...
originally posted by: StoutBroux
a reply to: putnam6
Sorry Putnam, it ISN'T perception. It's fact. Sam Friedman convicted of 10 billion dollar fraud, it's nothing to scoff at. But there are multitudes of cases of cryptocurrency fraud.
HyperFund - Baltimore, Maryland – Three individuals are charged in U.S. District Court in Maryland for orchestrating a $1.89 billion cryptocurrency fraud scheme.
A federal grand jury has returned an indictment charging Sam Lee, age 35, an Australian citizen residing in the United Arab Emirates for allegedly co-founding HyperFund, also known as HyperTech, HyperCapital, HyperVerse, and HyperNation. The indictment was returned on January 25, 2024, and unsealed today. Co-conspirator Rodney Burton, a/k/a “Bitcoin Rodney,” 54, of Miami, Florida, is charged by criminal complaint for his role as an alleged promoter of HyperFund. Co-conspirator Brenda Chunga, 43, of Severna Park, Maryland, pleaded guilty today to her role in the fraud scheme.
www.justice.gov...
OneCoin - OneCoin was described by The Times as "one of the biggest scams in history". US prosecutors alleged the scheme brought in approximately $4 billion worldwide. In China, law enforcement recovered 1.7 billion yuan (US$267.5 million) while prosecuting 98 people.
But before everyone jumps off the fiat train onto the crypto wagon,
MONEYWATCH
Cryptocurrency fraud is now the riskiest scam for consumers, according to BBB
moneywatch
By Khristopher J. Brooks
Edited By Aimee Picchi
March 6, 2024 / 6:28 PM EST / CBS News
Cryptocurrency and other investment scams are now the riskiest type of cons in the U.S., with crypto fraudsters frequently cheating their victims out of thousands of dollars, the Better Business Bureau said.
Scammers have found creative ways to cheat investors out of their money, the BBB said in its annual report about the biggest scams of 2023, which is based on 67,000 reports of scams.
About 80% of Americans targeted in crypto and investment scams last year lost money, the BBB reported. The median dollar amount lost was $3,800, "but many people lose much more than that" in crypto scams, said CBS News national consumer investigative correspondent Anna Werner.
www.cbsnews.com...
originally posted by: CriticalStinker
a reply to: putnam6
Truth be told, there was enough bad case studies with banks the government had to insure checking accounts to keep public confidence.
That amount got increased in the last few years because of renewed distrust.
So, your money is likely safe in a bank so long as you don’t exceed the threshold. But you still lose money by sitting on it.
If you just put thousands into a savings account over decades and sat on the threshold, it would disgust people to learn what they lost in inflation alone. If you compared that to investing into safer options, it’s gross what the disparity is.
I’m not saying banks are perfect, or crypto is salvation. I’m saying we’re our only advocates, and if we’re not educated we’re likely to get screwed no matter the route.
originally posted by: TinfoilTophat
How many bitcoin do you own/ can you afford?
originally posted by: namehere
trump is a fool and anyone who supports the existence of crypto currency are also fools, all it does is create instability to the economy and the main draw of crypto, encryption, is no longer unbreakable like it used to be, and its only getting easier especially with ai and quantum computers and light based chips that emulate quantum computers and such.
I'll say it now, crypto will cause a great depression if its allowed to become too big, its a trap that will ruin America and should be shut down before its too late.