In brief
- Rodney Burton pleaded guilty to conspiring to run an unlicensed money-transmitting business tied to an alleged $1.8 billion crypto fraud scheme.
- Burton personally received more than $7.8 million from the scheme and enlisted celebrities to help boost his profile.
- He faces up to five years in prison, with sentencing scheduled for July 23.
A Florida man known online as “Bitcoin Rodney” pleaded guilty in federal court in Baltimore this week to conspiring to run an unlicensed money transmitting business tied to a $1.8 billion cryptocurrency fraud scheme, according to prosecutors.
The 56-year-old Rodney Burton of Miami, who also has a residence in Prince George’s County, Maryland, admitted to promoting HyperFund, a cryptocurrency…
