U.S. Arrests 'Bitcoin Rodney,' Alleged HyperVerse Crypto Scheme Promoter, on IRS Charges of Fraud
Summary
Rodney Burton was arrested and charged for allegedly defrauding over $7 million through a fake investment scheme called HyperVerse. The scheme promised daily passive rewards of 0.5% to 1% until doubling or tripling the initial investment. Burton received $7,851,711 from individuals through wire transfers or cashier’s checks. The scheme, run by an entity called HyperTech, resulted in thousands of people losing millions of dollars. Australian authorities are questioning why their regulator didn't warn consumers about the scheme. The U.S. Treasury, IRS, and Barton's public defense team have not responded to requests for comment.
