Randall Crater and Its $6 million Crypto Scam

submitted 1 year ago by CandyClub to Gaming

On Tuesday, a man from New York convicted of conducting a cryptocurrency scheme that duped investors out of $6 million is slated to be sentenced in a federal court in Massachusetts.

Randall Crater is 51 years old and lives in East Hampton, New York. He is the founder of My Big Coin, which is meant to provide cryptocurrency and virtual payment services and has its headquarters in Las Vegas.

According to the prosecutors from the office of the United States Attorney for the District of Massachusetts, Rachael Rollins, Carter offered virtual payment services through a fraudulent digital currency called “My Big Coins.” The prosecutors said that Carter fraudulently marketed this currency to investors between 2014 and 2017.