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On August 16, the Islamic Republic of Iran Broadcasting (IRIB) reported that Iranian Army Commander-in-Chief Amir Hatami announced a $30,000 reward for the capture or killing of U.S. soldiers. The reward will reportedly be given to any Iranian soldier who comes from "the Iranian people."On August 16, Zijin Mining International (02259.HK) announced that in the first half of the year, thanks to the full contribution of newly acquired assets and the continued optimization of mature mines, gold production increased by 44% year-on-year to approximately 27.3 tons; revenue and profit attributable to owners of the parent company increased by 100% and 179% year-on-year, respectively, and net cash flow from operating activities increased significantly by 331% year-on-year.On August 16, the General Staff of the Ukrainian Armed Forces reported that Ukrainian forces attacked the "Kamensky Joint Enterprise" in Rostov Oblast, Russia, a Russian military-industrial complex. The Ukrainian side stated that a fire broke out at the target site, and the extent of the damage and the results of the operation are still being verified. The Ukrainian military stated that this military-industrial enterprise is a major Russian military-industrial enterprise, producing solid rocket fuel for the "Hurricane," "Tornado," and "Tornado-S" multiple rocket launcher munitions, as well as related fuels for various missile systems and air-to-ground weapons. On August 16, local time, the Russian Ministry of Defense released a 24-hour combat report stating that Russian forces had taken control of two settlements: Pershomalievka in the Donetsk region and Kudyevka in the Kharkiv region. The report stated that Russian air defense forces shot down 14 guided bombs, 1 US-made HIMARS rocket, 9 Flamingo long-range cruise missiles, and 1,478 fixed-wing drones. This is the highest number of Ukrainian drones shot down in a single day as reported by the Russian Ministry of Defense to date.On August 16th, according to a report by Axios, citing three sources familiar with the matter, in mid-May, US negotiators encountered a problem when attempting to reach an agreement with Iran to end the war: they were unsure whether the Iranian representatives across the negotiating table truly represented the countrys powerful Islamic Revolutionary Guard Corps (IRGC). The report stated that, therefore, Trump administration officials took an unusual approach—bypassing Iranian negotiators and contacting the IRGC leadership directly. The person chosen by the US to oversee this secret communication channel was Nechirvan Barzani, the president of the Iraqi Kurdistan Region. He possessed an extremely rare advantage: the trust of both the US and the IRGC leadership. This incident highlights that a key reason for the difficulties in US-Iran negotiations lies in Washingtons inability to ascertain who truly holds decision-making power in Iran. The US and Iran did ultimately reach a memorandum of understanding, but it quickly collapsed.August 16 (Yonhap) -- Several North Korean soldiers recently crossed the Military Demarcation Line in the eastern region, prompting South Korean forces to fire warning shots. This is reportedly the first time this year that South Korean forces have fired warning shots in response to a North Korean incursion.

Mining Capital Coin CEO Indicted for Allegedly Running a Cryptocurrency Pyramid Scheme

Cory Russell

May 09, 2022 10:02


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MCC stands for Mining Capital Coin and is a cryptocurrency mining and investing platform. According to the DOJ news release, Capuci, who is from Port St. Lucie, Florida, allegedly deceived investors by offering "Mining Packages" that promised high profits from mining new cryptocurrencies in MCC's "international network of crypto mining computers."

 

Capuci marketed mining packages to more than 65,000 investors since at least January 2018, according to a US Securities and Exchange Commission lawsuit filed last month. According to the SEC news release, the organization offered daily returns of 1% for up to a year.


Capuci, according to the DOJ, moved the monies to his personal bitcoin accounts. According to the SEC complaint, MCC made at least $8.1 million from the sale of mining packages and $3.2 million in initiation fees, which were used to support a luxury lifestyle that included Lamborghinis, a boat, and real estate.


"Bad actors cheat investors and impede the ability of genuine entrepreneurs to develop within this burgeoning field," said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department's Criminal Division.


Capuci has been contacted by CNN Business for comment.


According to the DOJ news release, Capuci also promoted MCC's own cryptocurrency, "Capital Coin." Another fake MCC investment route, "Trading Bots," according to the release, operated at "extremely high frequency, being able to conduct hundreds of transactions per second," according to Capuci. According to the DOJ statement, Capuci stated that the Trading Bots would deliver daily returns.


According to the DOJ, Capuci reportedly allegedly conducted a pyramid scam, enlisting promoters to sell mining packages and giving them incentives ranging from Apple watches to Capuci's own Ferrari.


Capuci was charged with conspiracy to conduct wire fraud, securities fraud, and international money laundering by the Department of Justice. If convicted on all charges, he could face up to 45 years in jail. The matter is being investigated by the FBI Miami field office and Homeland Security Investigations.


Others have been accused by the Justice Department with conducting bogus bitcoin schemes this year. A federal grand jury in San Diego accused BitConnect's founder in February for allegedly running a $2.4 billion worldwide Ponzi scam.