News with the tag "Icomtech"

At least four of IcomTech’s operators are now behind bars after receiving prison sentences of up to 10 years this year.

Two central figures behind the cryptocurrency Ponzi scheme known as IcomTech have been sentenced to substantial prison terms, according to a recent press release by the US DoJ. The scheme defrauded thousands of investors out of millions of dollars, leaving financial devastation in its wake. The sent...

IcomTech promoter David Brend has been sentenced to a decade behind bars for the cryptocurrency Ponzi scheme following his conviction on conspiracy to commit wire fraud in March. IcomTech Promoter David Brend Sentenced According to the Monday press release , Brend worked under co-defendant David Car...

Despite the existence of a government that is pro-crypto, the United States authorities are not being lenient toward fraudsters. David Brend, who was convicted of conspiracy to commit wire fraud for promoting crypto mining and trading firm IcomTech, has been sentenced to 10 years in prison. In a hea...

The judge ordered David Brend to report to a federal prison in Florida by Dec. 16 to serve his 120-month sentence.

Judge Jennifer Rochon initially allowed a delay in Gustavo Rodriguez’s sentencing to allow additional testimony but ultimately ordered the IcomTech promoter to prison.

Gustavo Rodriguez, who was initially scheduled to be sentenced following his conviction for conspiracy to commit wire fraud, will testify under oath on Oct. 25.

David Carmona, founder of the cryptocurrency Ponzi scheme IcomTech, has received a 10-year prison sentence following a court ruling in the last week. This development was revealed on October 4 by the US Attorney’s Office, Southern District of New York. Related Reading: Ripple CTO Sounds Alarm: New F...

David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom through cryptocurrency trading and mining, none of wh...

IcomTech founder David Carmona will serve his ten-year prison term following a ruling by Judge Jennifer Rochon.