The CEO and co-founder of crypto mining and investment platform Mining Capital Coin (MCC) Luiz Capuci Jr. has been indicted by the Department of Justice (DOJ) for “allegedly orchestrating a $62 million global investment fraud scheme.”

Capuci has been charged with wire fraud conspiracy, securities fraud conspiracy, and international money laundering conspiracy in connection to several fraud schemes which were operated via MCC. He faces a maximum 45-year sentence if found guilty.