A courtroom has decided that HyperFund Ponzi promoter Rodney Burton remains to be a flight danger.
The December twenty second ruling marks three situations of a courtroom figuring out, regardless of the situations imposed, releasing Burton is simply too dangerous.
In handing down its determination, the courtroom famous Burton’s 4 arguments for launch;
First, Burton says his monetary standing has diminished considerably such that he’s not a flight danger.
Second, he argues that the substantial passage of time from his January 3, 2024, arrest and July 9, 2024, detention order signifies that Burton is no longer a flight danger as a result of, if he had been to simply accept the Authorities’s provided plea deal, he would serve little further time in jail.
To be clear, the plea provide to which Burton refers in his Movement to Reopen was based mostly on the unique indictment.
Third, Burton states that the present presidential administration’s enforcement of cryptocurrency is drastically completely different from that of the earlier administration.
Burton’s fourth and ultimate materials improvement is the Superseding Indictment itself, which a grand jury returned on December 10, 2025, 9 days after he filed his Movement to Reopen Detention Listening to.
The courtroom outright rejected the second and third arguments, owing to the lately filed superseding indictment.
Burton’s December tenth superseding indictment moreover prices him with conspiracy to commit wire fraud, wire fraud and cash laundering. Earlier conspiracy to function an unlicensed cash transmitting enterprise prices have been dropped.
As to the primary and fourth arguments, the courtroom discovered they “fall collectively”.
To make sure, the Superseding Indictment is, by its very phrases, new “data . . . that was not recognized” to Burton on the July 2024 detention listening to and which has “a cloth bearing” on the query of conditional launch.
Nonetheless … the Authorities has offered clear and convincing proof that Burton stays a considerable flight danger, that no set of situations might guarantee his presence at future proceedings, and that should stay in detention pending trial.
If convicted beneath the superseding indictment, Burton is dealing with twenty years on his wire fraud counts and ten years on his cash laundering counts. The courtroom famous this was seven occasions the utmost sentence imposable per Burton’s unique indictment.
Burton is at present scheduled to face trial on March 2nd, 2026.
