The allegations were announced by the DoJ in a press release on Feb. 27. As per the release, Randall Crater a New York citizen founded and managed My Big Coin Pay Inc. (My Big Coin). The purported cryptocurrency and virtual payment services company are headquartered in Las Vegas, Nevada.
The claims
“the charges in the indictment are merely allegations, and the defendant is presumed innocent until proven guilty beyond a reasonable doubt in a court of law.”
“Not only was the MCash Token not properly registered with the U.S. Securities and Exchange Commission, but more importantly, in connection with selling the MCash Token. Defendants made numerous misrepresentations and omissions that induced Plaintiff to invest $2 million.”
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