Magdaleno Mendoza, 56, was sentenced to 71 months in prison for his role in helping orchestrate a crypto Ponzi scheme in the U.S.
At least four of IcomTech’s operators are now behind bars after receiving prison sentences of up to 10 years this year.
Two central figures behind the cryptocurrency Ponzi scheme known as IcomTech have been sentenced to substantial prison terms, according to a recent press release by the US DoJ. The scheme defrauded thousands of investors out of millions of dollars, leaving financial devastation in its wake. The sentencing marks a major legal conclusion to one of […]
The judge ordered David Brend to report to a federal prison in Florida by Dec. 16 to serve his 120-month sentence.
Judge Jennifer Rochon initially allowed a delay in Gustavo Rodriguez’s sentencing to allow additional testimony but ultimately ordered the IcomTech promoter to prison.
David Carmona was the “mastermind” behind IcomTech’s “Ponzi scheme," which netted an estimated $8.4 million from victims.