Sentencing set in cryptocurrency fraud

SPOKANE — A Spokane man will be sentenced in connection with cryptocurrency fraud Sept. 25 in U.S. District Court.

Michael Joseph McElhiney, 37, pleaded guilty to wire fraud June 26 before U.S. District Court Judge Thomas O. Rice.

In the plea agreement accepted by the court, and in information disclosed during court proceedings, between March 4, 2021, and Sept. 10, 2022, McElhiney defrauded investors by pretending to operate a cryptocurrency investment fund known as MAC Blockchain Solutions.

McElhiney promised prospective investors that he and his purported business partners ran a successful c...