Instead, the Department of Justice alleges, Capuci transferred funds to his crypto wallets. MCC made at least $8.1 million from the sale of mining packages and $3.2 million in start-up fees, which funded a luxury lifestyle, including Lamborghinis, yachts and real estate, according to the SEC complaint.
Assistant Attorney General Kenneth A.
CNN Business has reached out to Capuci for comment.
Capuci has also announced MCC’s cryptocurrency, “Capital Coin,” according to a Department of Justice press release. The statement alleges another fraudulent MCC investment vehicle, “Trading Bots,” which Capuci claimed operates “with an extremely high frequency, being able to do thousands of trades per second.” Capuci claimed that the trading bots will provide daily returns, according to a DOJ release.
Capuci also allegedly ran a pyramid scheme, according to the Department of Justice, that recruited promoters to sell mining packages and promised gifts ranging from Apple Watches to Capuci’s personal Ferrari, according to the press release.
The Department of Justice charged Capucci with conspiracy to commit Internet fraud, conspiracy to commit securities fraud, and conspiracy to commit international money laundering. He could face up to 45 years in prison if convicted on all charges. The FBI Miami field office and Homeland Security investigations are investigating the case.