IcomTech operators received multi-year prison sentences for engaging in a Ponzi scheme involving fraudulent Bitcoin trading activities, exposing regulatory weaknesses.
IcomTech executives have been sentenced to up to 10 years in prison for running a fake Bitcoin trading scheme, and now they have to pay over $5 million in penalties.
The US Department of Justice has sentenced the leaders of the IcomTech cryptocurrency Ponzi scheme to significant prison terms. They defrauded thousands of investors, causing millions in financial losses. This sentencing concludes a major legal battle against the fraudulent activities of IcomTech.
David Brend, a promoter of IcomTech, has been sentenced to 10 years in prison for a cryptocurrency ponzi scheme after being convicted of conspiracy to commit wire fraud.
IcomTech promoter David Brend has been sentenced to 10 years in prison for fraudulent activities. He must report to federal prison in Florida by December 16.
Icomtech founders David Brend and Gustavo Rodriguez have received prison sentences for orchestrating a cryptocurrency Ponzi scheme, defrauding thousands of investors with promises of guaranteed returns through a fake crypto trading and mining company.
Judge sentences IcomTech promoter Gustavo Rodriguez to 8 years to deter further crypto frauds.
The sentencing of IcomTech promoter Gustavo Rodriguez has been delayed to allow for his testimony under oath on October 25 after being convicted of conspiracy to commit wire fraud.
David Carmona, founder of the crypto Ponzi scheme IcomTech, was sentenced to 10 years in prison by a US court.
David Carmona, leader of the Icomtech Ponzi scheme, was sentenced to over 10 years in prison for defrauding investors with false promises of cryptocurrency profits.
David Carmona, founder of IcomTech, received a 10-year prison sentence for mishandling investor funds in a crypto Ponzi scheme.
David Carmona, founder of the IcomTech Ponzi scheme, has been sentenced to 10 years in prison for defrauding investors through false cryptocurrency trading and mining promises.
David Carmona sentenced to 121 months for IcomTech Ponzi scheme defrauding investors.
David Carmona, founder of the IcomTech crypto Ponzi scheme, sentenced to 10 years for defrauding victims of $8.4 million.
David Carmona, mastermind behind the IcomTech Ponzi scheme, has been sentenced to 10 years in prison. The scheme involved duping victims into investing in fake crypto trading and mining operations with false promises of doubled returns.
IcomTech founder David Carmona sentenced to nearly 10 years for Ponzi scheme involvement.
