News with the tag "Forcount"

A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed returns but left victims unable to withdraw funds...

According to US prosecutors, Juan Tacuri, and his co-conspirators, defrauded investors of $8.4 million in an apparent Ponzi Scheme.

Two crypto promoters involved in the infamous Forcount ponzi scheme pleaded guilty to conspiracy to commit wire fraud on Monday in New York. A third promoter by the name of Juan Tacuri pled guilty to wire fraud conspiracy last month. The post Two Crypto Promoters Plead Guilty To Forcount Ponzi Schem...

On July 22, two of the five individuals who allegedly stole $8.4 million from investors between 2017 and 2021 by promoting Forcount pleaded guilty.

Part of the plea deal involved Juan Tacuri forfeiting nearly $4 million and real estate which were purchased with victim funds.