US prosecutors expanded charges against crypto promoter Rodney Burton over the $1.8B HyperFund fraud, citing wire fraud, money laundering, and flight risk after bail denial.

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"According to a superseding indictment unsealed Friday by the US Attorney’s Office for the District of Maryland, prosecutors now accuse Burton of conspiracy to commit wire fraud, two counts of wire fraud, seven counts of money laundering, and one count of operating an unlicensed money transmitting business. If convicted on all charges, Burton could face up to 20 years in prison for each wire fraud-related count, up to 10 years per money laundering count, and an additional five years for the unlicensed money transmission charge."

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US prosecutors expanded charges against crypto promoter Rodney Burton over the $1.8B HyperFund fraud, citing wire fraud, money laundering, and flight risk after bail denial.

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US prosecutors expanded charges against crypto promoter Rodney Burton over the $1.8B HyperFund fraud, citing wire fraud, money laundering, and flight risk after bail denial.

More on Fraud

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Meta tolerated widespread ad fraud from China to protect billions in revenue, internal documents show, even as the company found that up to 19% of its $18 billion China ad business came from scams and banned content.

Hollywood filmmaker Carl Erik Rinsch scammed Netflix out of $11 million and blew the cash on crypto memes making some profits with Dogecoin

US prosecutors seek a 12-year sentence for Do Kwon over Terra’s $40B collapse, calling his actions colossal fraud that triggered wider market failures and contributed to FTX’s downfall.

Europe Dismantles €700M Crypto Fraud Ring That Used Deepfake Ads, Arresting Nine in Major Cross-Border Sting

India arrests key suspect linked to Myanmar crypto scam compounds, exposing trafficking network that forced victims into global fraud operations across Southeast Asia

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Meta tolerated widespread ad fraud from China to protect billions in revenue, internal documents show, even as the company found that up to 19% of its $18 billion China ad business came from scams and banned content.

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