TechFlow, December 14 — According to The Block, Rodney Burton ("Bitcoin Rodney"), the promoter of the fraudulent cryptocurrency investment scheme HyperFund (also known as HyperVerse), is now facing 11 federal charges, including conspiracy to commit wire fraud, seven counts of money laundering, and operating an unlicensed money transmitting business.
Burton is accused of promoting the HyperFund project between June 2020 and May 2024 and using investor funds to purchase luxury items such as high-end apartments, sports cars, and yachts. In the HyperFund case, co-defendant Brenda Chunga has already pleaded guilty, while alleged co-founder Sam Lee remains at large. If convicted, Burton could face decades in prison.
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