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My Big Coin Crypto Firm Founder Gets 8 Years In Prison For $7.5M Fraud

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The owner of a failed crypto business was sentenced Tuesday to over eight years in jail for defrauding investors...

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And customers out of millions of dollars through the marketing of the virtual currency My Big Coin with lies and falsehoods.

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Federal prosecutors has  asked U.S. District Judge Denise Casper in Boston to sentence an imprisonment term of 13 years for Randall Crater.

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It's for conveying a message to other people during the first sentencing of a founder of a cryptocurrency firm for fraud in marketing.

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Although Casper found this request excessive, she ruled out Crater's assertion that a prison sentence of 30 months.

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It was enough to sanction Crater for his fraudulent assertions, such as the claim that My Big Coin was a real cryptocurrency supported by gold.

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