Florida man ordered $ 7,600,000 as compensation after promoting the supposed “backed” encrypted currency
A federal court has ordered a resident of Florida to operate a digital fraudulent scheme years ago to pay millions of dollars as compensation, according to the American Commodity Futures Trading Committee (CFTC).
CFTC He says The US District Provincial Court of Massachusetts imposed an approval of Randal Crater, asking him to pay more than 7.6 million dollars to victims of encryption assets.
According to CFTC, CRARTER CRARTER has offered a virtual currency known as My Big Coin (MBC) for sale for dozens of customers between January 2014 and January 2018.
“CRATER has received more than $ 7.6 million from at least 28 customers through fraudulent requests, including misleading and misleading claims about MBC value, use and trade, MBC has been supported with gold. He spent the wrong money to buy, among other things, a house , Antiques, fine art, jewelry, and other luxury goods.
The approval order also sets restrictions on the hole in relation to the commodity markets.
“It also imposes a permanent judicial order against the hole and prevents it from trading in any CFTC markets, entering any transactions that include goods or digital assets commodities, and registration in CFTC.”
Three years ago, CRARTER was accused of “wire fraud, illegal cash transactions, and the operation of unlicensed money transfer” on the large modified currency fraud.
“CRARTER was convicted of these charges on July 21, 2022, and was sentenced to more than eight years in prison and ordered to pay 7.6 million dollars as compensation to defraud customers and a loss of $ 7.6 million, which represents the returns he received from his violations.”
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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