PANews December 14 News, according to a report by The Block, based on a superseding indictment released by the Maryland Federal Prosecutor’s Office, cryptocurrency promoter Rodney Burton, known online as “Bitcoin Rodney,” faces 11 federal charges for allegedly promoting the HyperFund cryptocurrency scam with a scale of $1.8 billion. The charges include conspiracy to commit wire fraud, 7 counts of money laundering, and operating an unlicensed remittance business. If convicted on all counts, he could face up to 20 years in federal prison.
Rodney Burton promoted the HyperFund project from June 2020 to 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.
Last January, U.S. authorities arrested and charged Rodney Burton, the initiator of the HyperVerse crypto investment scam.
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