The Justice Department Charges Nine People In Crypto Ponzi Schemes

IcomTech and Forcount, also known as Weltsys, were both identified as Ponzi schemes by the United States Department of Justice on Wednesday, when the department made the announcement that it had filed charges against nine people in connection with the schemes.

IcomTech and Forcount were allegedly cryptocurrency mining and trading firms, according to the Department of Justice. These organisations allegedly promised investors returns in exchange for the purchase of cryptocurrency-related investment items. Investors used a variety of payment methods, including physical cryptocurrency, cash, cheques, and wire transfers.

Because of their involvement with IcomTech, the Department of Justice (DOJ) charged David Carmona, Marco Ruiz Ochoa, Moses Valdez, Juan Arellano, David Brend, and Gustavo Rodriguez with participating in a criminal conspiracy to conduct wire fraud in the first indictment. According to the agency, the plan was active from the middle of 2018 through the end of 2019.

In the second indictment, the Department of Justice charged the same thing against Francisley Da Silva, Juan Tacuri, and Antonia Perez Hernandez for their participation in Forcount, which allegedly operated as a Ponzi scheme between the middle of 2017 and the end of 2021. Silva and Tacuri are both being looked into because they may have been part of a plan to launder money.

“The founders and promoters of each scheme falsely promised their respective victims, among other things, that profits from the companies’ cryptocurrency trading and mining would result in guaranteed daily returns on victims’ investments and doubling those investments within six months,” the agency said. “The founders and promoters of each scheme also told their victims falsely that the companies’ research and development of blockchain technology would lead to guaranteed daily returns on their investments.”

To get daily updates & trending news on crypto follow us on:

Facebook:- https://www.facebook.com/CryptoShrypto/

Instagram:- https://www.instagram.com/cryptoshrypto_/?hl=en

Twitter:- https://twitter.com/cryptoshrypto1

Youtube:- https://www.youtube.com/channel/UCdAOUEQ3L_eYjU_NMDA1zxg

The post The Justice Department Charges Nine People In Crypto Ponzi Schemes appeared first on CryptoShrypto.