Rodney Burton, the mastermind behind the HyperFund crypto scam, faces 11 charges and could face up to 20 years in prison.
PANews reported on December 14th that, according to The Block, Rodney Burton, a cryptocurrency promoter known online as "Bitcoin Rodney," faces 11 federal charges, including conspiracy to commit wire fraud, seven counts of money laundering, and operating an unlicensed money transfer business, for allegedly promoting the $1.8 billion HyperFund cryptocurrency scam, according to a supplemental indictment released by the U.S. Attorney's Office for the Southern District of Maryland. If convicted on all counts, he faces up to 20 years in federal prison.
Rodney Burton promoted the HyperFund project between June 2020 and May 2024, using investor funds to purchase luxury apartments, sports cars, and yachts. In the HyperFund case, co-defendant Brenda Chunga has pleaded guilty, while co-founder Sam Lee remains at large.
In January of last year, it was reported that U.S. authorities arrested and charged Rodney Burton, the mastermind behind the HyperVerse cryptocurrency investment scam.
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