My Big Coin founder convicted over digital assets fraud
Randall Crater was found guilty of four counts of wire fraud, three counts of unlawful monetary transactions, and one count of operating an unlicensed money transmitting business.
Randall Crater was found guilty of four counts of wire fraud, three counts of unlawful monetary transactions, and one count of operating an unlicensed money transmitting business.
The CFTC described My Big Coin Pay as a Ponzi scheme which had used false statements to drive up the value of its coin.