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My Big Coin Founder Gets 8-Year Jail Term for Crypto Fraud, Ordered to Pay $7.7 Million

Randall Crater, founder of a now-defunct cryptocurrency business, was sentenced to more than eight years in prison for defrauding investors and customers out of millions of dollars by falsely marketing My Big Coin, a virtual currency. Crater, who was sentenced to 100 months in total and ordered to forfeit nearly $7.7 million (roughly Rs. 63 crore), is expected to appe...

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