ChainCatcher news, according to a statement released by the U.S. Attorney's Office for the Southern District of New York, U.S. District Judge Jennifer L. Rochon sentenced 41-year-old IcomTech founder David Carmona to 121 months in prison on Friday. Carmona had previously pleaded guilty to a charge of conspiracy to commit telecommunications fraud.

ChainCatcher news, according to Inner City Press, the former CEO of the large cryptocurrency Ponzi scheme "IcomTech," Marco Ruiz Ochoa, has been sentenced to 5 years in prison.

ChainCatcher news, former IcomTech executive Marco Ruiz Ochoa has pleaded guilty to his role in a cryptocurrency Ponzi scheme, admitting to a charge of conspiracy to commit wire fraud, which carries a maximum sentence of 20 years in prison.IcomTech is a so-called cryptocurrency mining and trading company that promised profits to investors in exchange for their purchase of "so-called cryptocurrency-related investment products," in which Marco Ruiz Ochoa and others promised profits from the company's cryptocurrency trading and mining operations to provide daily returns. Prosecutors stated that IcomTech's cryptocurrency trading and mining operations did not exist, and the investors' funds were used for other schemes and personal expenses.

ChainCatcher news, the U.S. Department of Justice disclosed on social media that the agency has charged 9 individuals related to 2 alleged fraudulent crypto projects, IcomTech and Forcount.Both companies claim to be cryptocurrency mining and trading firms, allowing users to invest in cryptocurrency using cash, checks, and wire transfers. The investment products they launched promised high returns, but prosecutors found that neither company actually engaged in trading or cryptocurrency mining, and the tokens they issued had no real value but were part of a Ponzi scheme. It is reported that the case will be handled by the U.S. Department of Justice's Money Laundering and Asset Recovery Section. (source link)