February 22, 2024

The U.S. Division of Justice in Washington, D.C., June 20, 2023.

Kevin Dietsch | Getty Photos Information | Getty Photos

The Division of Justice on Monday introduced felony fees in opposition to two individuals and the responsible plea of a 3rd particular person for orchestrating a $1.9 billion cryptocurrency fraud scheme generally known as HyperFund, in addition to by different names.

The Securities and Alternate Fee in a associated civil motion charged two of these people for his or her involvement within the alleged pyramid scheme.

The three defendants charged by the DOJ falsely claimed that traders in HyperFund would obtained “substantial returns paid from cryptocurrency mining operations, which didn’t in reality exist,” stated appearing Assistant Legal professional Common Nicole Argentieri of the DOJ’s Prison Division.

The US Securities and Alternate Fee (SEC) headquarters in Washington, DC, US, on Wednesday, Jan. 10, 2024. 

Graeme Sloane | Bloomberg | Getty Photos

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