U.S. Department of Justice Charges Florida Executive Over Alleged Involvement in $62,000,000 Crypto Fraud

U.S. Department of Justice Charges Florida Executive Over Alleged Involvement in $62,000,000 Crypto Fraud


The U.S. Department of Justice (DOJ) is announcing charges against the CEO of a crypto mining company for allegedly running a global investment fraud scheme.

According to a statement released by the DOJ, Luiz Capuci Jr., the chief executive and founder of Mining Capital Coin (MCC), lied to investors about the firm’s crypto mining capabilities and the function of its proprietary token all while stealing $62 million of their investments and putting them into crypto wallets controlled by him.

“Capuci and his co-conspirators touted MCC’s purported international network of cryptocurrency mining machines as being able to generate substantial profits and guaranteed returns by using investors’ money to mine new cryptocurrency.

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Capuci also touted MCC’s own cryptocurrency, Capital Coin, as a purported decentralized autonomous organization

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