(WBFF) — A Severna Park girl is considered one of three individuals named in a federal indictment, accused of orchestrating a cryptocurrency scheme value $1.89 billion.
In keeping with a information launch from the U.S. Lawyer for the District of Maryland, Brenda Chunga, 43, also called “Bitcoin Beautee,” pleaded responsible to conspiracy to commit securities fraud and wire fraud for her position as a promoter of HyperFund.
“The extent of alleged fraud right here is staggering,” mentioned U.S. Lawyer Erek Barron in a information launch. “Whether or not it’s cryptocurrency fraud, or every other monetary frauds, if it sounds too good to be true, it in all probability is. This workplace and our regulation enforcement companions will maintain perpetrators accountable for these and different fraud schemes.”
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Prosecutors say Chunga performed on-line investor conferences, together with in Maryland, to advertise HyperFund’s funding applications and which detailed the purported returns that potential buyers may earn.
Chunga admitted that she personally obtained at the least $3 million from her participation.
Chunga might be required to pay again her victims’ losses, based on prosecutors. Chunga may face 5 years in jail.
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Her sentencing date has not been set.
Two different individuals Sam Lee, 35, an Australian citizen and, 54-year-old Rodney Burton, also called “Bitcoin Rodney,” 54, of Miami, Florida, have been additionally indicted.
