#icomtech

[36crypto]

IcomTech Founder David Carmona Sentenced to Nearly 121 Months for Crypto Ponzi Scheme

David Carmona, the founder of IcomTech, has been sentenced to close to 10 years in prison after prosecutors accused the firm of operating as a cryptocurrency Ponzi scheme. U.S. District Judge Jennifer L. Rochon sentenced Carmona, 41, to 121 months in prison on Friday, according to a statement from the U.S. Attorney’s Office for the Southern District of New York. Carmona previously pleaded guilty…

[bitwisex]

Binance прекращает торговлю BRC-20: как это повлияет на ваш криптопортфель?

Недавние события в мире криптовалют вновь привлекают внимание к динамичным изменениям, происходящим в отрасли. **Binance** приняла решение исключить возможность торговли биткоин-"надписями" BRC-20 из своего Web3-кошелька. Пользователи больше не могут покупать и продавать эти активы, однако они все еще смогут просматривать и пересылать свои существующие BRC-20 "надписи". Эти изменения вступили в силу с выходом нового обновления и ребрендинга в Binance Wallet, что, по заявлению компании, направлено на **улучшение интерфейса**. В то же время, **Avalanche** привлекла мощные инвестиции в размере **$250 миллионов**. Ведущие инвесторы, такие как Galaxy Digital, Dragonfly и ParaFi Capital, выразили доверие к платформе благодаря её способности предложить масштабируемые блокчейн-решения с многозвенной архитектурой. Эта значительная финансовая поддержка может существенно изменить структуру криптовалютного рынка. На другой стороне правовой баррикады, **федеральный суд** наложил штрафы на сумму более **5 миллионов долларов** на пятерых лиц, связанных с мошеннической схемой цифровых активов Icomtech. Аферисты затронули почти 200 инвесторов по всему миру, обещая нереальные доходы от торговли биткоинами. Обвиняемым запрещено заниматься торговлей, и они обязаны вернуть инвесторам более **1 миллиона долларов**. Кроме того, виновные Марко Руиз Очоа и его соратники получили длительные наказания, включая **10-летние тюремные сроки**.

[blockchainfeed]

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

[cryptogirl2024]

Crypto 'Ponzi' Scheme IcomTech CEO Gets 10 Years in Prison

The CEO of cryptocurrency platform IcomTech, David Carmona, gets 10 years in prison.

Carmona promised 1% daily returns on investments, targeting working-class people.

After his 121 months jail term, Carmona will undergo three years of supervised release.

David Carmona, the founder of IcomTech, was sentenced to 10 years in jail for mishandling the funds of investors. The US federal court stated that the CEO would be facing 121 months for running a Ponzi scheme that defrauded numerous investors between 2018 and 2019.

Launched in 2018, IcomTech gained popularity through its promotional events. Carmona promised about 1% daily returns on investments. This scheme was mainly targeted at working-class members. Subsequently, the scheme became a 'Ponzi' scheme, where funds from new investors were used to pay off earlier members. 

However, several investors raised complaints about the scheme, when they couldn't withdraw the profits, which accumulated on the portal, citing hidden fees and delays. To curb the situation, a new token called Icoms was released. Carmona stated that this token could be used as a mode of payment, however, it turned out to be a bigger failure. By 2019, the scheme was facing a financial loss and collapsed, leaving many devastated. 

Related: https://cryptotale.org/chinese-ponzi-project-is-5th-top-matic-holder-with-22-37m/

Judge Damian Williams of the Attorney’s Office for the Southern District of New York presided over the case. Williams stated that the IcomTech scheme preyed on vulnerable communities, leaving them in financial ruin. Carmona was ordered to forfeit his assets and provide reparation to the victims. Further, in addition to his prison term, Carmona was sentenced to undergo three years of supervised release.   Ponzi scheme cases are on the rise in the cryptocurrency economy. Earlier in August, Yang Bin, who was once the second richest man in China was sentenced to six years in prison by a Singapore court for mishandling the funds of over 700 investors. The sexagenarian pleaded guilty to eight charges and was fined S$16,000 (approximately $12,000 US dollars.)

[coinguitar]

Crypto Ponzi Scheme Founder Sentenced to 10 Years

David Carmona, the mastermind behind the IcomTech cryptocurrency Ponzi scheme, has been sentenced to 10 years in prison. The scheme defrauded victims out of an estimated $8.4 million. Carmona and his associates lured investors into the Ponzi scheme with promises of substantial returns. They claimed that funds would be invested in cryptocurrency trading and mining activities, leading to…

[ailtrahq]

Marco Ruiz Ochoa, the former executive of IcomTech, has come forward with a confession about his part in a notorious cryptocurrency Ponzi scheme. Beyond the flashy shows of luxury, IcomTech had seduced investors with promises of daily returns on crypto mining and trading ventures. However, such promises were empty, as the company’s supposed crypto operations were non-existent. IcomTech’s Mirage of Legitimate Operations Investors were lured by IcomTech’s elaborate events where promoters, including Ochoa, flaunted their luxury cars and high-end attire. The extravagant atmosphere was intentionally set to generate buzz about their schemes. Consequently, investors were misled into buying “cryptocurrency-related investment products,” expecting massive profits. But, behind the scenes, their investments weren’t funneled into any crypto trading or mining. Instead, funds from new investors were utilized to pay off previous ones. Moreover, significant amounts were siphoned for personal luxuries and other unauthorized expenditures. By 2018, many investors faced difficulties trying to withdraw their investments. Excuses, delays, and hidden fees greeted them. However, despite these red flags, IcomTech promoters, including Ochoa, did not cease their operations. They continued to host events, drawing in more investors and their money.  Adding to the web of deceit, IcomTech introduced proprietary crypto tokens called “Icoms.” These were projected as promising ventures but, in reality, had no worth, leading to even more losses for the unsuspecting investors. By the end of 2019, the house of cards crumbled as IcomTech collapsed. Judiciary Stance Against Crypto Exploitations Damian Williams, U.S. Attorney for the Southern District of New York, stated, “Today’s guilty plea sends a clear message that we are coming after all of those who seek to exploit cryptocurrency to commit fraud.” Hence, the justice system’s commitment to safeguarding investors remains unwavering. Additionally, the Commodity Futures Trading Commission has charged other IcomTech figures, including David Carmona, Juan Arellano Parra, and Moses Valdez, emphasizing the depth of the scam that seemed to target Spanish-speaking communities mainly. Source

[zarechnyy-blog]

На старте нового криптовалютного проекта ✌️ #icomtech (at УГЛИ) https://www.instagram.com/p/BuWuk1Ag8OK/?utm_source=ig_tumblr_share&igshid=jlfxfa7zkqz0

[mgooru]

Минюст США обвинил создателей IcomTech и Forcount в криптовалютном мошенничестве https://t.co/rEQfi4zD4w

Минюст США обвинил создателей IcomTech и Forcount в криптовалютном мошенничестве https://t.co/rEQfi4zD4w

— Мобил Гуру (@mgoo_ru) Dec 15, 2022

from Twitter https://twitter.com/mgoo_ru

[noisynutcrusade]

CFTC sues iComTech Ponzi scammers for commodities fraud

The CFTC has sued iComTech Ponzi scammers for commodities fraud. Name defendants in the CFTC’s May 24th filed Complaint are: David Carmona (aka David Segundo, Wuilver Segundo) Juan Arellano Moses Valdez David Brend Marco A. Ruiz Ochoa All of the CFTC case defendants have been indicted in parallel criminal proceedings brought by the DOJ. Carmona, iComTech’s founder and CEO, was arrested on or…

[priyaaltavista]

The Justice Department Charges Nine People In Crypto Ponzi

IcomTech and Forcount, also known as Weltsys, were both identified as Ponzi schemes by the United States Department of Justice on Wednesday,

visit us :

[go-pleon-things-blog]

ICOMTECH REVOLUCIÓN FINANCIERA

[euro-journal-english-news]

Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

United States prosecutors have laid charges in two separate cases against nine people who founded or promoted a pair of cryptocurrency companies alleged to be Ponzi schemes that netted $8.4 million from investors. On Dec. 14 the U.S. Attorney’s Office for the Southern District of New York unsealed the indictment, alleging the purported crypto mining and trading companies IcomTech and Forcount…

[thetopbestguide]

Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

United States prosecutors have laid charges in two separate cases against nine people who founded or promoted a pair of cryptocurrency companies alleged to be Ponzi schemes that netted $8.4 million from investors. On Dec. 14 the U.S. Attorney’s Office for the Southern District of New York unsealed the indictment, alleging the purported crypto mining and trading companies IcomTech and Forcount…

[ahnewsworld]

Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

United States prosecutors have laid charges in two separate cases against nine people who founded or promoted a pair of cryptocurrency companies alleged to be Ponzi schemes that netted $8.4 million from investors. On Dec. 14 the U.S. Attorney’s Office for the Southern District of New York unsealed the indictment, alleging the purported crypto mining and trading companies IcomTech and Forcount…

[neoncrypto]

Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M

United States prosecutors have laid charges in two separate cases against nine people who founded or promoted a pair of cryptocurrency companies alleged to be Ponzi schemes that netted $8.4 million from investors. On Dec. 14 the U.S. Attorney’s Office for the Southern District of New York unsealed the indictment, alleging the purported crypto mining and trading companies IcomTech and Forcount…