Following unsealing of Rodney Burton’s HyperFund prison case, particulars of his arrest have been made public.
Whereas we knew Burton was arrested in Florida on January 4th, what we didn’t know is Burton was arrested on the airport… with a one-way ticket to Dubai.
Burton (proper) fleeing to Dubai suggests he may need been conscious he was below investigation.
This isn’t shocking, seeing because the SEC has additionally filed civil HyperFund fraud expenses (observe Burton shouldn’t be a named defendant within the SEC’s case).
Following Burton’s arrest, he was transferred to Maryland the place he made his preliminary look on January twenty fifth.
Burton was then ordered quickly detained pending a detention listening to on January twenty ninth.
At that listening to, Burton was ordered detained pending trial.
In handing down her resolution, Justice of the Peace Decide Aslan cited Burton’s “important property”, the burden of the proof introduced towards him, Burton’s “historical past [and] traits”, and the very fact he was arrested “at airport with 1-way ticket to UAE”.
In Burton’s Order of Detention, Justice of the Peace Decide Aslan ticked the field signifying there was “severe danger that [Burton] won’t seem” if launched.
Burton was indicted below seal on December twenty ninth, 2023, alongside HyperFund co-founder Sam Lee and fellow US promoter Brenda Chunga.
Burton has been charged with conspiracy to to function an unlicensed cash transmitting enterprise and working an unlicensed cash transmitting enterprise.
If convicted, Burton faces as much as 5 years on every depend, disgorgement and financial penalties.