A promoter of the cryptocurrency scheme Forcount has been sentenced to 2 and a half years in jail.
Antonia Perez Hernandez admitted to her position within the operation, which scammed buyers out of roughly $8.4 million by promising false returns.
Hernandez is certainly one of a number of people sentenced in connection to this case. In October 2024, Juan Tacuri, the lead promoter of Forcount, was sentenced to twenty years in jail. One other member of the operation, Nestor Nuñez, obtained a four-year sentence in November 2024 after pleading responsible.
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The judgment was delivered on January 27 on the US District Court docket for the Southern District of New York (SDNY) by Decide Analisa Torres. Hernandez pleaded responsible to conspiracy to commit wire fraud as a part of the scheme, which ran from 2017 to 2021.
Through the listening to, Decide Torres highlighted Hernandez’s involvement, noting, “Ms. Hernandez bought worthless cash”. The courtroom additionally advised there was proof she had engaged in comparable actions past this case.
The Forcount scheme revolved round deceptive claims that investments would double inside six months, due to earnings from cryptocurrency buying and selling and mining.
Nonetheless, investigators revealed that no precise buying and selling or mining occurred. As an alternative, the funds from new buyers had been used to pay earlier individuals, following the basic construction of a Ponzi scheme.
In the meantime, a pastor from Washington just lately confronted fraud expenses over a $6 million crypto scheme. What was the scheme about? Learn the complete story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Conflict II period.
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