The United States Department of Justice has announced that Juan Tacuri, a key figure in the Forcount Ponzi scheme, now known as Weltsys, has been sentenced to 20 years in prison. Tacuri was also ordered to pay $3,610,718 in restitution and serve one year of supervised release post-incarceration. The scheme targeted victims globally, particularly Spanish-speaking communities. Judge Analisa Torres imposed the maximum 240-month sentence, emphasizing that fraud does not pay. Forcount's founders falsely presented the company as a crypto mining and trading firm to attract investors with promises of high returns. Tacuri and accomplices organized extravagant events to lure investors, but instead misappropriated funds for personal gain. The scam unraveled in 2021 when clients faced withdrawal issues, leading to criminal charges against the perpetrators. Tacuri, along with other promoters, pleaded guilty to wire fraud and conspiracy, marking a significant legal development in the case. Read more AI-generated news on: https://app.chaingpt.org/news