Court Hands Florida Man a 20-Year Jail Term Over Crypto Ponzi Scheme
Forcount Promoter to Serve a 20-Year Jail Term A New York-based federal court sentenced to jail Juan Tacuri on Wednesday. The man, who had been living in Florida, is expected to serve a 20-year jail term after being found guilty of promoting a global crypto Ponzi scheme, Forcount. Following the court’s ruling, the US Attorney’s
Andrew Richard2 min read
A New York-based federal court sentenced to jail Juan Tacuri on Wednesday. The man, who had been living in Florida, is expected to serve a 20-year jail term after being found guilty of promoting a global crypto Ponzi scheme, Forcount.
Following the court’s ruling, the US Attorney’s Office for the Southern District of New York released a statement accusing Tacuri of defrauding thousands of Spanish-speaking people via Forcount, a scheme that promised high returns from crypto mining and trading but never kept its promises.
In the statement, US Attorney Damian Williams said Tacuri disguised himself as an experienced crypto trader, but in reality, he was a fraudster who spent investors’ money on expensive cars and houses. The Attorney added that the latest court’s ruling should serve as a reminder that fraud doesn’t pay.
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