US Charges HyperFund Promoter with Fraud and Money Laundering

2025-12-15 16:10

US prosecutors have charged Rodney Burton, known as Bitcoin Rodney, with fraud and money laundering in connection with the $1.8 billion HyperFund scheme. Burton, 56, allegedly promised investors daily returns while diverting funds into luxury assets. The scheme, which operated from 2020 to 2024, collapsed amid market shifts, leading to withdrawal freezes. Burton was arrested at Miami Airport in January 2024 and faces up to 30 years in prison if convicted. In a related case, a promoter of the Forcount scheme was sentenced to 20 years in prison and ordered to pay $3.6 million in compensation. This highlights the ongoing crackdown on fraudulent crypto schemes by US authorities.

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