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A preliminary injunction against Mining Capital Coin has been obtained by the SEC.

The individual defendants Luiz Carlos Capuci and Emerson Sousa Pires are likewise covered by the injunction that was obtained.

The defendants in the Mining Capital Coin case were sued by the SEC last month. Mining Capital Coin, according to the SEC, was a shady investment scam.

MCC was a Potemkin town for the information age. There was no cryptocurrency mining. Zero trading robots. Zero trading.

After reviewing Mining Capital Coin in 2018, BehindMLM came to the same conclusion as in 2014.

The court postponed the SEC’s motion for a preliminary injunction to Magistrate Judge McCabe after being granted a Temporary Restraining Order.

On May 18th, Magistrate Judge McCabe submitted a Report and Recommendation, urging the court to accept the SEC’s request.

The court approved the SEC’s request for a preliminary injunction on June 17.

The SEC satisfied the requirements for a preliminary injunction, Magistrate Judge McCabe noted in the Report and Recommendation. The Court concurs.

The SEC’s motion for a preliminary injunction is granted, and it is ORDERED AND ADJUDGED that Magistrate Judge McCabe’s Report and Recommendation be ADOPTED.

Capuci (right) filed a move on June 28th asking for the preliminary injunction order to be delayed to postpone the inevitable.

The goal of Caputi’s move is to keep the Preliminary Injunction in place while Capuci files an appeal with the Eleventh Circuit.

Capuci’s appeal is predicated less on the strength of the SEC’s argument and the supporting documentation than it is on the SEC’s failure to physically serve him.

It is a reversible error for this Court to award the preliminary injunction without having personal jurisdiction over Capuci and to do so without directly addressing the personal jurisdiction question brought forward by Capuci.

After realizing that US authorities were planning to prosecute him, Capuci escaped to Brazil. Since then, he has been charged and is still wanted.

In his motion, Capuci states that the SEC “will oppose” him. Given that Capuci’s motion was only submitted 24 hours ago, neither the SEC nor the court has yet to respond to Capuci’s request for an appealing stay.

The DOJ has submitted a petition seeking alternative victim notification, according to related reports.

The motion aims to stop Mining Capital Coins from purposely using cryptocurrencies to “conceal the underlying deception”.

It has proven to be virtually hard to trace the scam proceeds back to each victim.

MCC used a number of its bitcoin wallets to launder investor monies after it had received them to promote and hide the underlying scam.

Consequently, the method has made it virtually hard to precisely identify each victim by design.

Additionally, a significant portion of the servers hosting the data for these wallets is situated outside of the United States.

Even if detectives are successful in obtaining this data, it will take a lot of time and money to analyze it and find further victims.

It gives a clear explanation of why bitcoin has evolved as the default payment mechanism for Ponzi schemes all across the world.

The DOJ won’t have to get in touch with every Mining Capital Coin victim personally if their request is granted.

The Government intends to post a link on the website of the United States Attorney’s Office for the Southern District of Florida if the Court granted this motion.

The government will keep making every effort to grant recognized victims the same victim rights as everyone else.

Known potential victims will be contacted by the government and asked to submit a victim impact statement on the FBI website.

Using email addresses from a list of MCC investors that MCC lawyers supplied to the Securities Exchange Commission (SEC) as part of the SEC’s civil investigation against MCC, the FBI intends to proactively contact prospective victims.

The information will then be entered into the Victim Notification System after being verified by the FBI to ascertain who the real victims are.

On June 15th, the court granted the DOJ’s request.

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