Edit: Mining Capital Coin — CryptoScamsWiki

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> **Note:** Luiz Capuci Jr. is charged criminally and remains outside U.S. custody; the DOJ allegations have not been adjudicated. The SEC obtained a default judgment in a parallel civil case.

## Summary

Mining Capital Coin (MCC) marketed itself as offering cryptocurrency "Mining Packages" backed by what it called the "biggest cryptocurrency mining operation in the world," along with its own token (Capital Coin) and "Trading Bots." In May 2022 the U.S. DOJ unsealed an indictment charging founder and CEO Luiz Capuci Jr. with running a $62 million global investment fraud. [1][2]

## Mechanism

The DOJ alleges Capuci promised guaranteed weekly returns on mining packages and daily returns from trading bots, but did not actually mine cryptocurrency or run the bots as described — instead diverting investor funds to wallets he controlled and laundering proceeds through foreign exchanges. MCC also operated as a pyramid scheme, rewarding promoters for recruiting new investors. [1][2]

## Charges and parallel case

Capuci was charged with conspiracy to commit wire fraud, securities fraud, and international money laundering (a maximum of 45 years). In a parallel action, the SEC charged Capuci and co-founder Emerson Pires and, in 2025, obtained a default judgment of roughly $46 million against them. [1][2]

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