US prosecutors have filed two separate expenses in opposition to 9 individuals who based or promoted two cryptocurrency corporations that they are saying is a Ponzi scheme (pyramid) that raised $8.4 million from traders.
On December 14, the US Attorney’s Office for the Southern District of New York opened a case, saying that the cryptocurrency mining and buying and selling corporations IcomTech and Forcount promised cash “assured every day returns” to double their revenue in six months.
In truth, prosecutors say each corporations used the proceeds of their earlier gross sales to repay their predecessors, whereas different funds have been used to strengthen the businesses and purchase luxurious properties and actual property.
“Great demonstrations” have been held within the United States and overseas, together with demonstrations in small villages, which attracted traders with guarantees of monetary freedom and wealth.
Advertisers are stated to indicate up in costly vehicles, put on fancy garments and brag concerning the cash they promote to the corporate they promote. Investors had entry to the “portal” to see their returns
IcomTech and Forcount started to break down when customers did not return their claims.
Pretending that the creators of Forcount are promoters and the Securities and Exchange Commission (SEC) say that the group targets Spanish audio system and has raised $8.4 million from “a whole bunch” of funds that promote to “members”, providing a share of your crypto buying and selling and mining. .
In order to extend income, each corporations created tokens to attempt to return the cash and IcomTech and Forcount launched “Icoms” and “Mindexcoin” respectively.
Apparently, the sale of tokens failed, as in 2021 all of them stopped making funds to traders.
“With these two expenses, this workplace is sending a message to all cryptocurrency fraudsters: we’re coming after you,” stated US Attorney Damian Williams. “Stealing is stealing, even when cloaked in cryptocurrency jargon.”
David Carmona of Queens, New York, was named within the indictment because the founding father of IcomTech and charged with conspiracy to commit fraud that carries a 20-year jail sentence.
The founding father of Forcount has been recognized as Francisley da Silva, of Curitiba, Brazil, and is going through expenses of wire fraud, wire fraud and conspiracy to commit cash laundering, which carry as much as 60 years in jail if convicted on all counts.
The firm’s attorneys are going through a number of expenses associated to wire fraud, wire fraud and conspiracy to commit cash laundering, in addition to forgery.