New York Jury Convicts Two Individuals in Multi-Million Dollar Crypto Ponzi Scheme
NEW YORK (AP) – After a two-week trial, a jury found David Brend and Gustavo Rodriguez guilty of wire fraud conspiracy in connection with their involvement in IcomTech, a cryptocurrency mining and trading company. The verdict was reached in New York on Tuesday. Brend and Rodriguez, who could face up to 20 years in prison, were convicted for their roles in what authorities described as a fraudulent “Ponzi” scheme orchestrated by IcomTech’s founder, David Carmona. Prosecutors revealed that Carmona hired Rodriguez to develop IcomTech’s website, which falsely advertised guaranteed daily returns from cryptocurrency trading and … Read more