Mining Capital Coin

The CEO and co-founder of crypto mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been indicted by the Department of Justice (DOJ) for “allegedly orchestrating a $62 million global investment fraud scheme.” The DOJ is charging Capuci with conspiracy to commit wire fraud, conspiracy to commit securities fraud, and conspiracy to commit international money laundering in relation to several allegedly fraudulent schemes that were run via MCC. If found guilty, he faces a maximum prison sentence of 45 years. According to the DOJ’s indictment, Capuci (alongside unnamed co-conspirators) is accused of misleading investors over the profit-bearing potential of MCC mining packages and a native token dubbed Capital Coin that was backed by the “biggest cryptocurrency mining op...