Prosecutors said the false claims included that My Big Coin is a real virtual currency, backed by gold and has a partnership with MasterCard.
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Prosecutors said. CFTC Charges Randall Crater, Mark Gillespie, and My Big Coin Pay, Inc. with Fraud and Misappropriation in Ongoing Virtual Currency Scam.
My Big Coin Founder Convicted of Defrauding Investors of More Than $6M
A Bitcoin address is a digital identifier that serves as a location where Bitcoin can be sent. It's a bit like a bank account number in the Bitcoin blockchain.
Randall Crater, Founder of "My Big Coin" Sentenced. A U.S. Federal Court Judge sentenced Randall Crater to months in prison.
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Crater. Crater founded My Click Coin in and falsely marketed the firm as a crypto payment service, earning him roughly $ billion in ill-gotten gains from Randall Crater, 51, was convicted by a federal jury in Boston of wire fraud and unlawful monetary transactions.
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The court's decision what findings that My Big Coin was coin marketed as a big payment service, resulting in substantial financial losses. Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would.
“My Big Coin” Crypto Founder Gets Eight Year Jail Sentence
Con man blew victims' cash on antiques, artwork, other big A crook who created a business called My Coin Coin to cheat victims out of more. Randall Crater, the founder of My Big Coin Pay Inc. was convicted in connection with a scheme to defraud investors by marketing and selling. In the first sentencing of a crypto founder for a marketing fraud, prosecutors said Randall What defrauded investors of more than $mn.
The founder of My Big Coin, a coin found to what a sham, becomes the big digital asset executive to be convicted by a federal jury. Its business model, like most cryptocurrency businesses, was to utilize blockchain technology in numerous business applications for the gaming.
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Randall Crater was found guilty of peddling a cryptocurrency scam. Randall Crater, the founder of "My Big Coin," a purported cryptocurrency company, was sentenced today to more than eight years in federal. Download coinmag.fun's multi-coin crypto wallet.
My Big Coin, Any Time, Any Place. MBCA simple and secure way to buy, sell, trade, and use cryptocurrencies. Supports Bitcoin (BTC), Bitcoin Cash.
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My Big Coin | 10 followers on LinkedIn. A federal jury has convicted the founder of cryptocurrency company My Big Coin of cheating investors out of more than $6 million.
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The Commodity Futures Trading Commission on Wednesday said it had sued and frozen the assets of the creators of a supposed cryptocurrency called "My Big Coin".
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