Rodney Burton, also known as “Bitcoin Rodney,” has been arrested and charged with defrauding over $7 million through a fake investment scheme. Burton was charged in Maryland for promoting the HyperVerse crypto investment scheme, which promised investors daily passive rewards until their initial investment was doubled or tripled. The investigation revealed that thousands of people lost millions of dollars through the HyperVerse scheme.
Rodney Burton, also known as “Bitcoin Rodney,” has been arrested and charged with defrauding over $7 million through a fake investment scheme. Burton was charged in Maryland for promoting the HyperVerse crypto investment scheme, an unincorporated organization established around June 2020. The HyperVerse scheme promised investors daily passive rewards of 0.5% to 1% until their initial investment was doubled or tripled. Burton allegedly received $7,851,711 through wire transfers and cashier’s checks from individuals participating in the scheme.
The scheme operated under the entity name HyperTech and was promoted and run by CEO Steven Reece Lewis, who appears to be non-existent. The investigation by Guardian Australia revealed that thousands of people lost millions of dollars through the HyperVerse scheme. The scheme was the subject of multiple consumer warnings from authorities around the world.
Rodney Burton, also known as “Bitcoin Rodney,” was arrested in Florida and will be transferred to Maryland to face charges. The U.S. Treasury, IRS, and Burton’s public defense team did not respond to requests for comment.
The arrest of Rodney Burton, also known as “Bitcoin Rodney,” for promoting the fraudulent HyperVerse crypto investment scheme marks a significant development in the ongoing investigation of cryptocurrency operations. The scheme, which promised daily passive rewards to investors based on non-existent crypto-mining operations, has resulted in millions of dollars in losses for thousands of people. This arrest is the first charges related to the scheme, and it raises questions about why authorities did not warn consumers earlier. The investigation into the HyperVerse scheme and its potential ties to the collapsed blockchain startup Blockchain Global is ongoing.