HyperFund crypto scam promoter Rodney Burton faces 11 charges, with a maximum sentence of 20 years

According to market news, based on the supplemental indictment released by the U.S. Attorney's Office for Maryland, cryptocurrency promoter Rodney Burton, known online as "Bitcoin Rodney," faces 11 federal charges for allegedly promoting the HyperFund cryptocurrency scheme, which amounts to $1.8 billion. The charges include conspiracy to commit wire fraud, seven counts of money laundering, and operating an unlicensed money transmitting 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 investors' 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, it was reported that U.S. authorities arrested and charged Rodney Burton, the initiator of the HyperVerse cryptocurrency investment scam.