Luiz Capuci Charged With Running Crypto Scam

 Luiz Capuci Charged With Running Crypto Scam

People who knew Luiz Capuci knew him as a big spender. Luxury cars, designer duds, a mansion near the beach—Capuci had it all. If you were going out to eat, Capuci—or “Junior,” as he liked to call himself—was buying. His daughter-in-law, Katlyn Capuci, recalled a time she went shopping with Capuci and he offered to pay for whatever she wanted. When she hesitated, she says, he pulled out his phone and showed her a bank account he claimed held $4 billion.

“Don’t worry about it,” he told her. “I got it.”

Capuci wasn’t always this rich. In promotional materials for his business, he claims to have spent a period of his life homeless “in freezing weather.” Records show he filed for bankruptcy as recently as 2008. But all that changed with the rise of crypto. Family members say Capuci got in on bitcoin early, then launched his own business mining the cryptocurrency.

The company, Mining Capital Coin (MCC), was…

Read full article at www.thedailybeast.com