The accused had previously pleaded guilty to fraud. Yesterday a court hearing took place, as a result of which Marco Ruiz Ochoa received a five-year prison sentence. In addition, the court ordered him to pay $914,000 in illegal proceeds and sentenced him to two years of post-release supervision.
“Ochoa took advantage of the hype surrounding the cryptocurrency industry to trick unsuspecting victims into investing in the IcomTech pyramid scheme. We warn that anyone who follows in his footsteps will face serious penalties,” said US Attorney Damian Williams.
Let us recall that the IcomTech pyramid declared itself as a mining and trading company, offering clients “investment products tied to cryptocurrencies.” However, according to American law enforcement agencies, the company did not conduct any mining or other activities, but existed according to a standard Ponzi scheme.
Recently in Russia, a cryptocurrency project based on the TV series “The Boy’s Word” was recognized as a financial pyramid.
Source: Bits
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