The U.S. Department of Justice has charged Rodney Burton, known as “Bitcoin Rodney,” for running a $7.8 million crypto fraud linked to the HyperFund and HyperVerse schemes. Prosecutors say the operation functioned as a Ponzi scheme, misleading investors with false promises of high returns. Funds were allegedly misused for personal expenses and recruitment payments. Burton faces wire fraud, money laundering, and unlicensed money transmission charges.
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