Sam Lee, the Australian blockchain entrepreneur charged with conspiracy to commit fraud in the US for his alleged role in a USD$1.89bn “ponzi scheme”, has appeared in a video promoting a new investment project, posted online within days of charges being laid against him.
The revelation comes as consumer advocates say the “shocking” losses reported through the Australian-linked crypto investment scheme known as HyperVerse should serve as a “wake-up call” for urgent government action.