CluCoin Founder Pleads Guilty to Stealing $1.1M of Investor Funds for Online Gambling

Taylor
founded
CluCoin
in
the
spring
of
2021,
marketing
the
project
to
his
“large
Internet
following”
as
a
streamer
as
a
way
to
fund
charities.
After
CluCoin’s
subsequent
ICO
that
May,
the
project’s
trading
volume
and
value
declined
“precipitously,”
according
to
court
documents,
prompting
Taylor
to
steer
CluCoin
“away
from
its
original
charity
focus.”