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Charges related to Cryptocurrency Scam, a East Hampton Man got accused

Mar 04, 2019 - Legal Monitor Worldwide

Recently police arrested a man on the charge with cheating investors by selling virtual money he falsely claimed was backed by gold.

AP report showed that the founder of a purported cryptocurrency company has been charged with cheating investors out of millions of dollars by selling fake virtual money he falsely claimed was backed by gold.

Federal prosecutors in Massachusetts say My Big Coin Pay Inc. founder Randall Crater of East Hampton was arrested Wednesday and charged with wire ...