Pending Criminal Division Cases
HyperFund Cases
United States v. Sam Lee
Court Docket No.:24-CR-21
United States v. Rodney Burton
Court Docket No.:23-MJ-03185-CDA
United States v. Brenda Chunga
Court Docket No.:24-CR-1
Court Assigned:This case is assigned to the U.S. District Court for the District of Maryland,101 West Lombard Street, Baltimore, MD 21201 before Judge Richard D. Bennett.
Criminal Charges:
In an indictment unsealed on January 29, 2024, Sam Lee, of Dubai, United Arab Emirates was charged with one count of conspiracy to commit securities fraud and wire fraud for allegedly orchestrating a $1.89 billion cryptocurrency fraud scheme. A guilty plea by one of his co-conspirators, Brenda Chunga, was also unsealed the same day, while another promoter of the scheme, Rodney Burton, was previously arrested on a complaint.
According to court documents, defendant Lee, allegedly was the co-founder of HyperFund, also known as HyperTech, HyperCapital, HyperVerse, and HyperNation. Rodney Burton of Miami, Florida, and Brenda Chunga of Severna Park, Maryland, were promoters of HyperFund.
From June 2020 to November 2022, Lee and his co-conspirators allegedly offered and sold investment contracts to the public through HyperFund’s online investment platform. HyperFund’s promotional materials allegedly made various false claims, including that investors who purchased HyperFund “memberships” would receive between 0.5% to 1% daily in passive rewards until the company either doubled or tripled the investor’s initial investment. To convince investors that HyperFund could make such payments, HyperFund allegedly claimed that its payments would be disbursed in part from its revenues from large-scale crypto mining operations, when in truth, HyperFund did not have such operations. The court documents alleged that beginning in at least July 2021, HyperFund began to block investor withdrawals.
Burton has been arrested by complaint with one count of conspiracy to operate an unlicensed money transmitting business and one count of operating an unlicensed money transmitting business. Chunga also was charged with one count of conspiracy to commit securities fraud and wire fraud, and has pleaded guilty.
For more information about the charges in United States v. Sam Lee, please see below:
Indictment
Press Release
For more information about the charges in United States v. Brenda Chunga, please see below:
Plea Agreement
Press Release
For more information about the charges in United States v. Rodney Burton, please see below:
Criminal Complaint
Press Release
Victim Impact Statement: If you would like to submit a Victim Impact Statement, you may do so by mailing the Victim Impact Statement below (or a letter to the court)to: Victim Witness Unit, U.S. Department of Justice, Criminal Division, Fraud Section, 10th & Constitution Avenue, NW, Bond Building, Room 4416, Washington, DC 20530. You also may submit the Victim Impact Statement via email atVictimassistance.fraud@usdoj.govor by fax at: (202) 514-3708.
Victim Impact Statement (PDF)
The information on this website will be updated as new developments arise in the case. If you have any questions,please call the Victim Assistance Line toll-freeat(888) 549-3945 or emailus atVictimAssistance.fraud@usdoj.gov.
Presumption of Innocence:It is important to keep in mind that a criminal indictment is merely an allegation, and defendants are presumed innocent until proven guilty and that presumption requires both the court and our office to take certain steps to ensure that justice is served.
Crime Victims’ Rights Act and Right to Retain Counsel:Because charges have been filed in this case in federal court, you also may be entitled to the following rights, according to the Crime Victims’ Rights Act, Title 18, United States Code, Section 3771: (1) The right to be reasonably protected from the accused; (2) The right to reasonable, accurate, and timely notice of any public court proceeding, or any parole proceeding, involving the crime or of any release or escape of the accused; (3) The right not to be excluded from any such public court proceeding, unless the court, after receiving clear and convincing evidence, determines that testimony by the victim would be materially altered if the victim heard other testimony at that proceeding; (4) The right to be reasonably heard at any public proceeding in the district court involving release, plea, sentencing, or any parole proceeding; (5) The reasonable right to confer with the attorney for the Government in the case; (6) The right to full and timely restitution as provided in law; (7) The right to proceedings free from unreasonable delay; (8) The right to be treated with fairness and with respect for the victim’s dignity and privacy; (9) The right to be informed in a timely manner of any plea bargain or deferred prosecution agreement; and (10) The right to be informed of the rights under this section and the services described in section 503(c) of the Victims’ Rights and Restitution Act of 1990 (42 U.S.C. § 10607(c)) and provided contact information for the Victims’ Rights Ombudsman of the Department of Justice. The Crime Victims’ Rights Act (18 U.S.C. § 3771) applies only to victims of the counts charged in federal court, and thus individuals may not be able to exercise all of these rights if the crime of which the individual is a victim was not charged.
Section 3771(c)(2) of this Act requires that we advise you that you have the right to retain counsel. Although the statute specifically sets forth your right to seek advice of an attorney with regard to your rights under the statute, there is no requirement that you retain counsel. The Government may not recommend any specific counsel, nor can the Government (or the Court) pay for counsel to represent you. Government attorneys represent the United States.
If you elect to obtain counsel to represent your interests, please have your attorney notify this office in writing at: U.S. Department of Justice, Criminal Division, Fraud Section, 10th & Constitution Avenue, NW, Bond Building, 4th Floor, Washington, DC 20530, Attention: Victim Witness Unit; fax: (202) 514-3708; or email: victimassistance.fraud@usdoj.gov. If you elect not to retain counsel to represent your interests, you do not need to do anything.
Plea Agreements: Please be aware that many criminal cases are resolved by plea agreement between the Department of Justice and the defendant. You should also know that it is not unusual for a defendant to seek to negotiate a plea agreement shortly before trial is scheduled to begin. Plea agreements can be made at any time and as late as the morning of trial, leaving little or no opportunity to provide notice to you of the date and time of the plea hearing. If the court schedules a plea hearing in this case, we will use our best efforts to notify you of available information as soon as practicable. If you want to inform the prosecutor of your views regarding potential plea agreements, or any other aspect of the case, please contact the prosecutor assigned to this case or call the Victim Assistance Line toll-free at (888) 549-3945 or email us atvictimassistance.fraud@usdoj.gov.
