The US Department of Justice has filed formal charges against the founder and CEO of Mining Capital Coin for creating a $62 million international fraud scheme.
AT press release it is noted that the 44-year-old resident of the city of Port St. Lucie, Florida, Louis Capuci Jr. (Luiz Capuci Jr.) offered investors the opportunity to earn in the “mining” and “investment” programs Mining Capital Coin (MCC). Clients were offered so-called “mining packages” – access to the hashrate of equipment for mining cryptocurrencies. The larger the “package”, the greater was the promised profit. However, the company did not have any equipment.
In addition, Capucci Jr. launched the Capital Coin token and promoted it as being associated with a decentralized organization. According to the CEO of MCC and his associates, this organization “operated the largest cryptocurrency mining structure in the world.” The range of his products also included trading bots, which, as Capucci Jr. promised, made it possible to receive almost guaranteed income in the cryptocurrency markets thanks to “unique technology”.
According to representatives of the US Department of Justice, the scammers did not use the funds received for mining, but simply put them in their pockets. Payments to old participants were provided by the influx of funds from new victims. The total damage from the actions of Luis Capucci Jr. and his accomplices amounted to more than $62 million.
“This case should be a warning to all people who think they can lure innocent investors into an attractive and growing cryptocurrency market for the purpose of fraud,” said agent Anthony Salisbury (Anthony Salisbury).
Recall that at the end of April, the department accused the creator of Block Bits of fraud for $1 million.
Source: Bits
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