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Bitcoin Promoter Faces Federal Charges in $1.8B Crypto Fraud Scheme

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Rodney Burton, known as 'Bitcoin Rodney,' faces expanded federal charges in a $1.8B crypto fraud tied to HyperFund. The U.S. Attorney’s Office for Maryland added counts including wire fraud, money laundering, and operating an unlicensed business. The scheme, from 2020 to 2024, falsely promised returns from non-existent mining. Burton’s trial is set for March 2025. The case aligns with global efforts like Countering the Financing of Terrorism and EU Markets in Crypto-Assets Regulation.
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