On December 14, the United States Department of Justice (DOJ) filed fraud and money laundering charges against nine founders and promoters of two crypto Ponzi schemes, IcomTech and Forcount (also known as Weltsys).
IcomTech and Forcount promise to earn returns to their respective investors in exchange for their purported purchase of crypto-related investment products.
The founders and promoters of each scheme falsely promised their respective Victims, among other things, that profits from trading and mining cryptocurrencies by the companies would be profitable. guaranteed daily return on the Victim’s investments and doubling it within six months.
In fact, neither company is involved in trading or mining cryptocurrencies. And the founders and promoters of both programs are using victim funds to pay Victims. others, to further their plans and to enrich themselves.
Plan promoters often show up at larger-scale events in expensive cars and wear luxurious clothing as a way of showing off their supposedly legitimate success from the plans.
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