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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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.

More coverage

Explore the topic

More on Fraud

Polymarket paid creators to stage $900K in fake winning bets on cloned sites, courting American users it's banned from serving

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

US senators proposed the SAFE Crypto Act to coordinate Treasury, law enforcement, and private firms against crypto scams, including social engineering attacks. Backers say stronger enforcement tools could sharply curb fraud as crypto-related losses surge.

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.

Polymarket paid creators to stage $900K in fake winning bets on cloned sites, courting American users it's banned from serving

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

US senators proposed the SAFE Crypto Act to coordinate Treasury, law enforcement, and private firms against crypto scams, including social engineering attacks. Backers say stronger enforcement tools could sharply curb fraud as crypto-related losses surge.

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.

Total stats

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Polymarket paid creators to stage $900K in fake winning bets on cloned sites, courting American users it's banned from serving

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US senators proposed the SAFE Crypto Act to coordinate Treasury, law enforcement, and private firms against crypto scams, including social engineering attacks. Backers say stronger enforcement tools could sharply curb fraud as crypto-related losses surge.

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.

Polymarket paid creators to stage $900K in fake winning bets on cloned sites, courting American users it's banned from serving

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

US senators proposed the SAFE Crypto Act to coordinate Treasury, law enforcement, and private firms against crypto scams, including social engineering attacks. Backers say stronger enforcement tools could sharply curb fraud as crypto-related losses surge.

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.

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 coverage

Explore the topic

More on Fraud

Polymarket paid creators to stage $900K in fake winning bets on cloned sites, courting American users it's banned from serving

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

US senators proposed the SAFE Crypto Act to coordinate Treasury, law enforcement, and private firms against crypto scams, including social engineering attacks. Backers say stronger enforcement tools could sharply curb fraud as crypto-related losses surge.

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.

Polymarket paid creators to stage $900K in fake winning bets on cloned sites, courting American users it's banned from serving

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

US senators proposed the SAFE Crypto Act to coordinate Treasury, law enforcement, and private firms against crypto scams, including social engineering attacks. Backers say stronger enforcement tools could sharply curb fraud as crypto-related losses surge.

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.

Comments

Total stats

How to Earn

More on Fraud

Polymarket paid creators to stage $900K in fake winning bets on cloned sites, courting American users it's banned from serving

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

US senators proposed the SAFE Crypto Act to coordinate Treasury, law enforcement, and private firms against crypto scams, including social engineering attacks. Backers say stronger enforcement tools could sharply curb fraud as crypto-related losses surge.

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.

Polymarket paid creators to stage $900K in fake winning bets on cloned sites, courting American users it's banned from serving

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

US senators proposed the SAFE Crypto Act to coordinate Treasury, law enforcement, and private firms against crypto scams, including social engineering attacks. Backers say stronger enforcement tools could sharply curb fraud as crypto-related losses surge.

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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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.