Court Slams My Big Coin With $25M Penalty Over False Cryptocurrency Claims

Court Slams My Big Coin With $25M Penalty Over False Cryptocurrency Claims

A staggering $25 million in penalties and restitution has been levied in a landmark federal court ruling, exposing a sham crypto project that duped investors with bogus claims of gold backing and market viability. CFTC Secures Judgment Against My...

Court Slaps My Big Coin: Founders Hit With $25.8M Penalty for Defrauding Crypto Investors

A Massachusetts federal court has ordered My Big Coin Pay, Inc. and My Big Coin, Inc., along with individuals Mark Gillespie of Michigan and John Roche of California, to collectively pay nearly $25.8 million in penalties and restitution to the Commodity Futures Trading Commission (CFTC). The ruling was issued on Wednesday by the US District Court for the District of Massachusetts and stems from a long-running digital asset fraud scheme involving…

The court fined the operators of the My Big Coin cryptocurler for $ 26 million - World Stock Market

The Federal Court of Massachusetts fined the operators of My Big Coin Mark Gillespie and John Roche, as well as the associated companies, for $ 25.8 million for cryptocurrency fraud. As follows from the case materials, from 2014 to 2017, the participants of the My Big Coin crypto -scheme mislead the investors in the statements that their digital assets are provided with gold and can be easily exchanged for fiat currencies or other cryptocurren…

Crypto Fraud: US Court Orders My Big Coin to Pay Staggering $25.7M Penalty

BitcoinWorld Crypto Fraud: US Court Orders My Big Coin to Pay Staggering $25.7M Penalty The world of cryptocurrency can be exciting, but it’s also a space where vigilance is key. Recent news highlights the serious consequences faced by those who exploit this innovative technology for personal gain....

My Big Coin Founders Hit with $26M Crypto Fraud Penalty

A federal judge in Massachusetts has ordered two companies and their former executives to pay nearly $26 million in penalties and repayments over a fraudulent cryptocurrency scheme.

My Big Coin execs to pay nearly $26M in fines to CTFC