Rodney Burton
Rodney Burton | |
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| Nationality | American |
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Rodney Burton, often referred to as "Bitcoin Rodney,"[1] is an American entrepreneur and cryptocurrency advocate who made a name for himself through various ventures in the crypto world.[2] He’s well-known for promoting investment opportunities in digital currencies.[3]
Career
Burton has participated as a member of the cryptocurrency community to use his platform to promote and encourage investments in digital currency.[4] He has received acknowledgment for his commitment to educating a curious audience interested in changing their financial situation with cryptocurrency.[5]
Legal Issues
In January 2024, Burton was arrested and charged for his alleged role in a $1.89 billion cryptocurrency fraud scheme associated with HyperFund, also known as HyperTech, HyperCapital, HyperVerse, and HyperNation.[6] Authorities allege that HyperFund operated as a Ponzi scheme, falsely promising investors substantial returns from non-existent cryptocurrency mining operations.[7] Burton was charged with operating and conspiring to operate an unlicensed money transmitting business.[8] At the time of his arrest, Burton was preparing to board a one-way flight to Dubai, United Arab Emirates, which contributed to the court's decision to deny bail, citing him as a flight risk.[9][10][11][12]
References
- ↑ ""Bitcoin Rodney" arrested in multi-million HyperVerse Crypto scam that duped lakhs of investors". The Times of India. 9 January 2024. Retrieved 29 March 2025.
- ↑ "U.S. Arrests 'Bitcoin Rodney,' Alleged HyperVerse Crypto Scheme Promoter, on IRS Charges of Fraud". CoinDesk. Retrieved 29 March 2025.
- ↑ "Judge Denies Bail for Bitcoin Rodney, Citing Flight Risk and Fraud Severity – News Bytes Bitcoin News". Bitcoin News. 10 July 2024. Retrieved 29 March 2025.
- ↑ Klee, Miles (9 January 2024). "'Bitcoin Rodney' Pushed Crypto With Jamie Foxx and Rick Ross. Now He's Under Arrest". Rolling Stone. Retrieved 29 March 2025.
- ↑ Belcher, Lily. "Year In Review – Updates On The Top Stories From 2024: Valrico Residents Compete On 'The Great Christmas Light Fight' With Fundraiser Display". ospreyobserver.com. Retrieved 29 March 2025.
- ↑ ""Bitcoin Rodney" Charged in $1.89B Crypto Ponzi Scheme | The Crypto Times". www.cryptotimes.io. 9 February 2024. Retrieved 29 March 2025.
- ↑ ""Bitcoin Beautee" is pleading guilty to her role in a $2 billion crypto Ponzi scheme". Quartz. 30 January 2024. Retrieved 29 March 2025.
- ↑ Kumar, Amisha (9 July 2024). "'Bitcoin Rodney' wanted out of jail pending trial. A federal judge had other ideas". The Baltimore Banner. Retrieved 29 March 2025.
- ↑ "District of Maryland | Three Individuals Charged In $1.89 Billion Cryptocurrency Fraud Scheme | United States Department of Justice". www.justice.gov. 29 January 2024. Retrieved 29 March 2025.
- ↑ "US: Two Charged In $1.89 Billion Crypto Fraud Scheme, Third Member Pleads Guilty". occrp.org. Retrieved 29 March 2025.
- ↑ Martin, Sarah (8 January 2024). "HyperVerse crypto promoter 'Bitcoin Rodney' arrested and charged in US". The Guardian. Retrieved 29 March 2025.
- ↑ "United States v. Burton". casetext.com. Retrieved 29 March 2025.