> Except from article.

Federal prosecutors said Burton participated in the operation between June 2020 and January 2022 and received at least $7.8 million from the scheme.

Court documents state that Burton controlled several companies that purported to offer consulting services while helping market HyperFund to investors. Prosecutors alleged he used investor funds for personal enrichment during his involvement with the platform.

Federal authorities have scheduled Burton’s sentencing for July 23. He faces a maximum prison term of five years for conspiracy to operate an unlicensed money-transmitting business.

submitted by /u/zesushv [link] [comments]r/CryptoCurrencyRead More

You might also be interested in reading Top 5 cryptocurrencies to watch this week: BTC, UNI, XLM, THETA, HNT.