Techub News reported by The Block that the Maryland federal prosecutor's office has released a supplemental indictment against 56-year-old cryptocurrency promoter Rodney Burton, known as 'Bitcoin Rodney', for allegedly participating in the promotion of the $1.8 billion HyperFund cryptocurrency scam, facing 11 federal charges including conspiracy to commit wire fraud, seven counts of money laundering, and operating an unlicensed money transmitting business. If found guilty on all counts, Burton faces maximum penalties of 20 years in federal prison for conspiracy to commit wire fraud and each wire fraud count, up to 10 years for each money laundering count, and up to 5 years for unlicensed money transmission. It is alleged that Burton promoted the HyperFund project from June 2020 to May 2024 and misappropriated investor funds to purchase luxury apartments, sports cars, and yachts. Co-defendant Brenda Chunga has pleaded guilty, while alleged co-founder Sam Lee remains at large.

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