HyperFund Promoter Rodney Burton Faces 11 Federal Charges and Up to 20 Years in Prison

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Release Time:12/14/2025 01:35:35

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A U.S. federal prosecutor in Maryland filed a new indictment against Rodney Burton, also known as “Bitcoin Rodney,” over his role in the $1.8 billion HyperFund scam. Burton faces 11 charges, including wire fraud conspiracy, money laundering, and running an unlicensed crypto business. The case highlights the risks to liquidity and crypto markets when unregulated actors operate at scale. If convicted, he could get up to 20 years in prison. Burton spent the funds on luxury assets. Brenda Chunga has pleaded guilty, while co-founder Sam Lee is still at large. The case also draws attention to the need for frameworks like EU Markets in Crypto-Assets Regulation.

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