Randall Crater, Founder of My Big Coin, to Jail for Cryptocurrency Fraud

Randall Crater, the founder of My Big Coin, was recently found guilty of “electronic fraud and illegal monetary transactions” in a trial by a federal jury in Boston. Krater made a plea that all this scam was “accidental”.

Randall Crater 2013 in the year My Big Coin Introduced the multi-purpose coin project to the markets. “$300 million gold, oil or other with valuable assets The coin, which was launched with the slogan of “a fully functional cryptocurrency supported by 2015-2017 After the users applied to the court claiming that they had been defrauded, the authorities took action. According to officials, Crater was offering payment services through a fake cryptocurrency.

As a result of detailed investigations, the US Attorney Nevada-based cryptocurrency company Investors by marketing and selling a product that does not make false statements. More than $6 million found guilty of fraud. since February 19 incarcerated How many years will Crater get in jail? October 27, 2022It will be announced by the court.

In the statement made by the court:

Between 2015 and 2017, he misleadingly told his investors that My Big Coin formed a partnership with MasterCard and traded local cryptocurrencies with fiat or other cryptocurrencies. Crater publicized these misrepresentations via social media, the internet, email and text messages.

statements were included.

Claiming that this fraud, the details of which were revealed, was “accidentally”, Crater said, “That’s not the main purpose” he added to his defense.

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