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My Big Coin founder convicted of cryptocurrency fraud

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Randall Crater, 51, was convicted by a federal jury in Boston of wire fraud and unlawful monetary transactions.

offering payment services through a fraudulent digital currency that he marketed to investors between 2014 and 2017. Crater falsely claimed to be selling “a fully functioning cryptocurrency backed by $300 million in gold, oil and other valuable assets,” the US Attorney said.

 

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