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DOJ Prosecutes 'Bitcoin Rodney' for Alleged $7.8M Crypto Fraud

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Bitcoin breaking news: Rodney Burton, known as 'Bitcoin Rodney,' faces federal charges in the U.S. for wire fraud, money laundering, and illegal fund transmission. He is accused of running HyperFund, a crypto investment program prosecutors say functioned as a Ponzi scheme, taking in over $7.8 million from June 2020 to February 2022. Funds were allegedly spent on personal items like a Rolls Royce and distributed to recruiters, with no real economic activity. Burton is said to have led the scheme’s growth. The case is part of a wider U.S. push against crypto fraud. Bitcoin news continues to highlight regulatory scrutiny in the space.
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