{"id":527908,"date":"2022-12-16T08:57:35","date_gmt":"2022-12-16T05:57:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/charges-laid-over-alleged-crypto-mining-ponzis-that-netted-8-4m\/"},"modified":"2022-12-16T08:57:35","modified_gmt":"2022-12-16T05:57:35","slug":"charges-laid-over-alleged-crypto-mining-ponzis-that-netted-8-4m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/charges-laid-over-alleged-crypto-mining-ponzis-that-netted-8-4m\/","title":{"rendered":"# Charges laid over alleged \u2018crypto mining\u2019 Ponzis that netted $8.4M"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27af1f7ac82\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27af1f7ac82\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/charges-laid-over-alleged-crypto-mining-ponzis-that-netted-8-4m\/#%E2%80%9D_Charges_laid_over_alleged_%E2%80%98crypto_mining_Ponzis_that_netted_84M_%E2%80%9C\" >&#8221; Charges laid over alleged \u2018crypto mining\u2019 Ponzis that netted $8.4M &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Charges_laid_over_alleged_%E2%80%98crypto_mining_Ponzis_that_netted_84M_%E2%80%9C\"><\/span>&#8221; Charges laid over alleged \u2018crypto mining\u2019 Ponzis that netted $8.4M &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvZDVlMzI0MGEtOWQ1Yi00ZDc5LWE3YTAtYWU4MWUwNjBiNDQ4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-30a6cf80>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.<\/p>\n<p>On Dec. 14 the U.S. Attorney\u2019s Office for the Southern District of New York <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.justice.gov\/usao-sdny\/pr\/us-attorney-announces-fraud-and-money-laundering-charges-against-founders-and-promoters\">unsealed<\/a> the indictment, alleging the purported crypto mining and trading companies IcomTech and Forcount promised investors \u201cguaranteed daily returns\u201d that could double their investment in six months.<\/p>\n<p>In reality, prosecutors say both firms were using the money from later investors to pay earlier investors, while other funds were spent on promoting the companies and buying luxury items and real estate.<\/p>\n<p>\u201cLavish expos\u201d were held in the U.S. and abroad, along with presentations in small communities, that lured investors in with promises of financial freedom and wealth.<\/p>\n<p>Promotors would allegedly show up at events in expensive cars, wearing luxury clothing and would boast about the money they were making from investing in the company they were promoting. Investors were given access to a \u201cportal\u201d to monitor their returns<\/p>\n<p>IcomTech and Forcount started to fall apart when users were unable to withdraw their purported returns. <\/p>\n<p>Charges <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/news\/press-release\/2022-227\">brought<\/a> against Forcount\u2019s creators and promotors by the Securities and Exchange Commission (SEC) allege the outfit targeted primarily Spanish speakers and gathered over $8.4 million from \u201chundreds\u201d of investors selling \u201cmemberships\u201d offering a cut of its crypto trading and mining activities.<\/p>\n<p>In an attempt to spin up liquidity both companies created tokens so they could try repay investors with IcomTech and Forcount launching \u201cIcoms\u201d and \u201cMindexcoin\u201d respectively.<\/p>\n<p>Seemingly the token sales failed as by 2021 both had stopped making payments to investors.<\/p>\n<p>\u201cWith these two indictments, this Office is sending a message to all cryptocurrency scammers: We are coming for you,\u201d said U.S. Attorney Damian Williams. &#8220;Stealing is stealing, even when dressed up in the jargon of cryptocurrency.\u201d<\/p>\n<p><strong><em>Related: \u200b\u200b<\/em><\/strong><strong><em>Cryptocurrency has become a playground for fraudsters<\/em><\/strong><\/p>\n<p>David Carmona of Queens, New York was named in the indictment as the founder of IcomTech, and was charged with conspiracy to commit wire fraud that carries a maximum penalty of 20 years prison. <\/p>\n<p>Forcount\u2019s founder was named as Francisley da Silva, from Curitiba, Brazil and faces charges of wire fraud, wire fraud conspiracy and money laundering conspiracy which carries a maximum of 60 years in prison if convicted of all charges.<\/p>\n<p>The promotors for the firms face various charges relating to wire fraud, wire fraud and money laundering conspiracy and making false statements.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/charges-laid-over-alleged-crypto-mining-ponzis-that-netted-8-4m\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Charges laid over alleged \u2018crypto mining\u2019 Ponzis that netted $8.4M &#8220; 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\u2019s Office for the Southern&#8230;<\/p>\n","protected":false},"author":1,"featured_media":527909,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/d5e3240a-9d5b-4d79-a7a0-ae81e060b448.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75042,75321,70934,71101,71407,67874],"class_list":["post-527908","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-mining","tag-ponzi-scheme","tag-regulation","tag-scams","tag-trading","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/527908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=527908"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/527908\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/527909"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=527908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=527908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=527908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}