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US Authorities Charge HyperFund Crypto Scheme Promoter with Fraud and Money Laundering

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US prosecutors have charged Rodney Burton, 56, with fraud and Anti-Money Laundering violations for his role in the $1.8 billion HyperFund scheme. Burton, also known as Bitcoin Rodney, faces up to 30 years in prison if convicted on all counts. He and associates ran the HyperFund platform from 2020 to 2024, promising daily returns while allegedly siphoning funds into luxury assets. The scheme collapsed as liquidity and crypto markets shifted, causing withdrawal freezes. Burton was arrested at Miami Airport in January 2024 and denied bail. A related case in New York saw a Forcount promoter jailed for 20 years and ordered to pay $3.6 million in compensation.
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