Wednesday December 17, 2025

Fake Crypto Fund Operator Pleads Guilty to Defrauding Investors

Fake Crypto Fund Operator Pleads Guilty to Defrauding Investors

by Bitcoin.com June 28, 2024 1 min read

(Originally posted on : Bitcoin News )

Michael Joseph McElhiney, age 37 and formerly of Spokane, Washington, has pleaded guilty to wire fraud, the U.S. Department of Justice (DOJ) announced on Wednesday. Between March 4, 2021, and Sept. 10, 2022, McElhiney defrauded investors by falsely claiming to operate a cryptocurrency investment fund called Mac Blockchain Solutions. He contacted victims in person, via […]

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