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Investors sue Washington state bitcoin mining magnate who they say bilked them for millions March 12, 2021 at 8:17 am Malachi Salcido, founder of Salcido Enterprises, used his expertise building large climate-controlled buildings to set up a bitcoin mining operation in the Wenatchee Valley. (GeekWire File Photo) Investors who bet big on Malachi Salcido, a self-described bitcoin mining magnate, now claim the Washington state man busted his own business, and may have cost them millions of dollars. A group of investors who sunk $8.5 million into Salcido’s bitcoin mining company, StepChange, claim the Wenatchee man misappropriated, embezzled or otherwise misspent $2.4 million in company money over three years. At one bitcoin mine that he owns, Salcido charged StepChange a company that he held a controlling interest in rents that were more than nine times what he was paying on the mortgage.

United statesChelan countyEast wenatcheeMalachi salcidoSusan prestonKim schrierSalcido enterprisesChelan county superior courtSeattle angel fundSeattle angel fund prestonGeekwire file photoAngel fundChelan county superiorஒன்றுபட்டது மாநிலங்களில்செலன் கவுண்டிகிழக்கு வேனட்சீ