Sam Lee, aka Xue Samuel Lee, has been detained at Dubai’s Al Aweer Central Jail.
Throughout his ongoing detainment, the SEC managed to serve Lee their civil HyperFund fraud lawsuit.
As per November fifth filings from the SEC, Lee refused private service on the jail however was thought-about served underneath US regulation.
A neighborhood course of server employed by the DOJ’s civil division served Lee. As per a filed exhibit from the SEC’s Dubai regulation agency;
On 10 October 2024, Hadef & Companions LLC had been made conscious that Mr. Lee had been detained by authorities within the UAE in reference to an Interpol Purple Discover issued in opposition to him on the Central Jail positioned in Al Aweer, Dubai.
On 17 October 2024 [an] Officer … tried at hand the related paperwork to Mr. Lee who refused to simply accept the identical.
Underneath UAE regulation people in custody may be served by leaving related papers with the administration of the power they’re being held at.
As supporting proof Lee was conscious of the lawsuit, the SEC additionally cites a February 1st, 2024 paywalled article from the Australian Monetary Assessment.
Within the article Lee refers back to the civil and prison fraud prices filed in opposition to him as “embarrassing”.
At time of publication it stays unclear on who the issuing nation is for Lee’s Interpol Purple Discover warrant.
A search of Interpol’s web site for Lee underneath a number of variations of his identify and aliases fails to return any crimson discover outcomes.
That mentioned, Lee’s indictment within the US is the one identified prison motion he’s dealing with. The US nevertheless doesn’t have an extradition treaty with the UAE.
At time of publication there have been no updates on Lee’s US prison case docket reflecting his Dubai detainment.
Lee is an Australian citizen. Whereas we don’t know if Australian authorities have filed a prison case in opposition to Lee, Australia does have an extradition treaty with Dubai.
Alongside co-conspirators Brenda Chunga and Rodney Burton, Lee was indicted on HyperFund associated fraud prices in January 2024.
The DOJ alleged HyperFund was a $1.8 billion Ponzi scheme. This tracks with BehindMLM’s HyperFund evaluate, printed in 2021.
Pending any additional updates on Lee’s Interpol crimson discover, we’ll preserve you posted.