Carter will stay behind bars for eight years and four months for stealing $7.5 million from investors via his “My Big Coin” scam.
He also lied that his project partnered with the financial services company Mastercard, while the dubious “My Big Coin” sounded similar to the largest cryptocurrency by market capitalization – bitcoin. Upon announcing the sentence, Judge Casper said: Federal prosecutors urged the authorities to impose a 13-year punishment on Casper, which could serve as a message to other crypto scammers. They also revealed he used stolen investor funds to purchase expensive items for himself, including cars, artwork, jewelry, and antique coins.
Fortunately for the potential victims, the FBI detected the crime and launched an investigation. The doctor begged a key witness in the case to marry him and promised to pay tuition for her children so he could control her testimony in court.
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