Crypto Biz Owner Found Guilty Of $6M Investor Theft

By Chris Villani (July 21, 2022, 10:20 AM EDT) — A Boston federal jury on Thursday convicted the owner of a cryptocurrency business of stealing $6 million from investors and customers by falsely telling them his virtual money was backed by gold and had a partnership with Mastercard.

The 12-member panel spent less than an hour deliberating Thursday morning after mulling the case for most of Wednesday afternoon. In the end, they found Randall Crater, the owner of defunct My Big Coin Inc., guilty on all counts.

His attorney, Scott Lopez of Lawson & Weitzen LLP, declined to comment following the verdict but told Law360 he would be appealing.

U.S. District…

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