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Mining Capital Coin CEO Indicted In Department Of Justice's Fraud Case
The Department of Justice is levying a case against the CEO of Mining Capital Coin (MCC) for allegedly running a $62 million global fraud scheme.
Himanshu S.
2:59 6th May, 2022
Policy

Luiz Capuci, Jr. was indicted for allegedly misleading investors about MCC's mining and investing program. Capuci and his team allegedly claimed the firm's international network of mining machines could generate large profits and guaranteed returns if investors' bought into the so-called "Mining Packages."

Capuci allegedly told investors their funds would be used to mine new cryptocurrency.

He also allegedly touted MCC's own token, Capital Coin, as linked to a decentralized autonomous organization that he said was "stabilized by revenue from the biggest cryptocurrency mining operation in the world," according to the DOJ's findings.

Luiz Capuci, Jr. was indicted for allegedly misleading investors about MCC's mining and investing program. Capuci and his team allegedly claimed the firm's international network of mining machines could generate large profits and guaranteed returns if investors' bought into the so-called "Mining Packages."

Capuci allegedly told investors their funds would be used to mine new cryptocurrency.

He also allegedly touted MCC's own token, Capital Coin, as linked to a decentralized autonomous organization that he said was "stabilized by revenue from the biggest cryptocurrency mining operation in the world," according to the DOJ's findings.

Source



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