Department of Justice Charges Mining Capital Coin CEO with $62 Million Global Fraud Scheme

The Department of Justice is levying a case against the CEO of Mining Capital Coin (MCC) for allegedly running a $62 million global fraud scheme. Luiz Capuci, Jr. was indicted for allegedly misleading investors about MCC's mining and investing program. Capuci and his team allegedly claimed the firm's international network of mining machines could generate large profits and guaranteed returns if investors bought into the so-called "Mining Packages." Capuci is charged with conspiracy to commit wire fraud, conspiracy to commit securities fraud and conspiracy to commit international money laundering, which all together reached a maximum penalty of 45 years in prison.