JuanTacurihasbeensentencedtoamaximumof240monthsforhisroleintheForcountPonzischeme.
TacuriwasaseniorpromoterintheForcountPonzischemethatdefraudedthousandsofinvestors,primarilyinSpanish-speakingcommunities,accordingtocourtdocuments.TheU.S.DistrictCourtfortheSouthernDistrictofNewYork,underJudgeAnalisaTorres,deliveredthemaximumsentenceforhisroleinthecrypto-basedfraud.
Tacuri,46,wasorderedtopayover$3.6millioninrestitutionandforfeitahomeinFloridathatwaspurchasedwithstolenfunds.
Cryptofrauddetails
Forcount,laterknownasWeltsys,falselyclaimedtoengageincryptominingandtrading.Tacuriandotherpromoterstoldinvestorstheycouldguaranteedailyreturnsanddoubletheirinvestmentswithinsixmonths.
However,thecompanywasnotinvolvedinanylegitimatecryptoactivities.Instead,ForcountoperatedasaclassicPonzischeme,usingnewinvestmentstopayoffearlierparticipantswhileitspromotersenrichedthemselves.
Update:Fourmonthsafterhisguiltyplea,JuanTacurihasbeensentencedto240monthsinprisonandorderedtoforfeit$3,610,718.67andtitletoahomeinFloridahepurchasedinpartwithForcountVictimfunds.CryptoCriminals:https://t.co/ExLjXQJArQhttps://t.co/xwFIZSiveC
—InnerCityPress(@innercitypress)October16,2024
Victimswereprimarilyworking-class,Spanish-speakingindividuals.TacuritraveledacrosstheUnitedStates,hostingeventstoattractmoreinvestors.Theseexpos,rangingfromsmallcommunitygatheringstolarger-scaleevents,featuredTacuriboastingabouthisfinancialsuccessandpromotingForcount’sproducts.
Investorswereledtobelievetheywouldachievefinancialfreedomthroughtheseinvestments.
Despitemountingcomplaintsasearlyas2018,wheninvestorsdiscoveredtheycouldnotwithdrawfunds,Tacuriandotherpromoterscontinuedtopushthescheme.
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‘Mindexcoin’
Toaddressliquidityissues,theschemeintroducedproprietarytokenscalled“Mindexcoin,”claimingtheywouldholdvalue.Thesetokensultimatelybecameworthless,leadingtofurtherlosses.
Tacuri’ssentence,whichincludesoneyearofsupervisedrelease,followsimpactstatementsfrommorethan20victimsduringthesentencing.
U.S.AttorneyDamianWilliamsemphasizedthatTacuri’sactionswereaclearcaseoffrauddisguisedascutting-edgecryptoinvesting.“Frauddoesnotpay,”Williamsstated.
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