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by: xpoolPosted on: June 13, 2025

U.S. Court Fines Crypto Project $26 Million for Fraud

A significant enforcement action by the U.S. Commodity Futures Trading Commission (CFTC) has resulted in My Big Coin (MBC) and its executives Mark Gillespie and John Roche being ordered to pay a hefty fine of $25.8 million. The case stems from allegations of running a fraudulent cryptocurrency scheme that deceived at least 28 investors by falsely claiming MBC was backed by gold and actively traded.

Related posts:

  1. SEC Focuses on Cryptocurrency Fraud as New Inspector General Takes Office
  2. SEC Files Fraud Charges Against Unicoin and Executives Over $100 Million Crypto Scam
  3. SEC Names New Interim Watchdog to Combat Crypto Fraud
  4. US Court Fines My Big Coin $26 Million for Cryptocurrency Fraud
Cryptocurrency Fraud SEC

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