Cryptocurrency News

Mining Capital Coin CEO accused of $62M investment fraud scheme

The CEO and co-founder of crypto mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been indicted by the Department of Justice (DOJ) for “allegedly orchestrating a $62 million global investment fraud scheme.”

The DOJ is charging Capuci with conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to commit international money laundering in relation to several allegedly fraudulent schemes that were run via MCC. If found guilty, he faces a maximum prison sentence of 45 years.

Continue Reading on Coin Telegraph

Source:Cointelegraph

Leave a Reply

Your email address will not be published. Required fields are marked *