Randall Crater, founder of the business cryptocurrency The scammer dubbed “My Big Coin” was sentenced to eight years in prison, with federal prosecutors previously insisting his sentence should be 13.
Denise Casper, U.S. District Judge in Boston decideThat Crater should be in prison for more than eight years for a cryptocurrency scam known as “My Big Coin” between 2014 and 2017, in which perpetrators stole $7.5 million from investors during that time. to lure them into investing in dubious digital assets backed by gold.
He also lied that his project was partnered with financial services firm Mastercard.
Federal prosecutors have called for a 13-year penalty imposed on Crater, which could be slaughtering chickens for other crypto scammers. It was also revealed that he used stolen investor funds to buy them. Expensive things for yourself, such as cars, art, jewelry. and ancient coins
Crater, which expects an appeal of the verdictApologize for hurting the victims. But insisted that he never intended to deceive anyone.
The post Founder of “My Big Coin” scam scheme and stole $7.5 million sentenced to 8 years in prison appeared first on Bitcoin Addict.