The alleged operators of the large metal coin were ordered to pay about $ 25.8 million from fines to the Future Trading Committee for Commodities in the encryption scheme.
CFTC He said On Wednesday, the judge of the Federal Massachusetts Court entered a virtual ruling ordering Big Quwain Bass, Bayj Queen, and its executives, Mark Gilsby and John Roche, to pay $ 19.32 million in civil monetary sanctions and $ 6.44 million for investors who have claimed.
Gillespie, ROCE and companies were also prevented from participating in the market or making any other market activities that fall under the jurisdiction of CFTC.
CFTC says the large metal currency has been subjected to $ 6 million.
CFTC Gillespie and Roch and another operator, Randall Crater, have requested investors through My Big Coin (MBC) from January 2014 to June 2017, where they defrauded 28 investors from more than 6 million dollars.
The issue of the organizer was dropped against one operator, Michael Kruger, because of his death.
CFTC claimed that the defendants requested investors under false allegations and made “false and misleading claims about the value of MBC, its use, the state of trade, and that the MBC is backed by gold.”
Related to: PAM from CFTC says it will not give a “easy street” to anyone, including encryption
CFTC has warned investors of fraudsters that they may not get their money “because the mistakes may not have enough money or assets.”
The hole ordered the alleged response to investors
Earlier this year, the court ordered to pay $ 7.6 million to investors who claimed to be deceived.
In February 2024, the Court of Appeal refused to take place a new trial, as his legal team stated that the court had violated the sixth amendment rights.
On January 31, 2023, CRARTER was sentenced to more than eight years in prison after being convicted in July 2022 by a major jury of four charges of wire fraud operations, three charges of illegal cash transactions and the operation of an unlicensed company of money.
magazine: China is threatened by the United States Stablecoins, urged Group 7 to treat the Lazaros group
Related Articles
