Brazilian shareholders may have misled investors about a mining project that would bring in financial returns on cryptocurrencies that have raised more than BRL 300 million.
Spontaneous Brazil – Allegedly, the Brazilian allied company deceived investors about a mining project that would bring in financial returns on cryptocurrencies, which raised more than BRL 300 million.
This Friday (6), the US Justice Department condemned a Brazilian man who planned a global investment fraud plan that moved $ 62 million (R $ 314 million) into the newspaper O Globo.
The person in question is Louis Kapucci Jr., 44, CEO of Mining Capital Coy. If convicted on all counts, the MCC CEO faces a maximum of 45 years in prison.
U.S. prosecutors say MCC has sold “mining packages” and is committed to making significant profits for investors. The money applied for will be used to mine new cryptocurrencies. However, instead of using the money for mining, Kapuchi would have returned the amount used by customers to the cryptocurrency wallets under his control.
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“Cryptocurrency-based frauds are hurting financial markets around the world because bad actors are deceiving investors and restricting the ability of legitimate entrepreneurs to innovate in this growing space,” said Assistant Attorney General Kenneth A. Snyder. Palit Jr. said. The Criminal Division of the Judiciary quoted by the media.
Decent junior. The U.S. agency “is committed to tracking money – physical or digital – to expose criminal schemes, hold accountable for these frauds, and protect investors.”
However, in addition to the department, Kapuchi was indicted by the Securities and Exchange Commission (SEC), but this time was also in the company of his partner, Brazilian Emerson Souza Pierce.
Like the first allegation, the two have been named by the SEC for fraudulent sales of so-called investment packages to thousands of investors.
According to the SEC, both Brazilians have sold the mine packs to at least 65,535 investors worldwide, at least since January 2018, and have pledged to deliver a daily 1% return for up to 52 weeks.
The media reported that the accused could not be reached for comment, and that the MCC website had a “denial of access” message and a legal notice stating that the company was “licensed to offer its services in exclusive territories”.
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