Crypto Scheme Operators Ordered to Pay $46 Million in SEC Suit

The SEC is entitled to a default judgment against two founders of a fraudulent cryptocurrency mining company, a federal court said in imposing about $46 million in disgorgement, interest, and civil penalties.

Judge K. Michael Moore previously froze assets including funds, luxury cars, and boats held by Luiz Carlos Capuci Jr. and Emerson Sousa Pires in the Securities and Exchange Commission’s enforcement case brought in the US District Court for the Southern District of Florida. The court retains jurisdiction to enforce the judgment, which was rendered Tuesday.

• The SEC said the pair used Mining Capital Coin Corp. to sell unregistered ...