The post Crypto Promoter Flees With Investor’s Money, Gets 20 Years Jail Term appeared first on Coinpedia Fintech News
In the Forcount Ponzi scandal, U.S. courts sentenced cryptocurrency marketer Juan Tacuri to 20 years in prison for his role in a fraudulent scheme masquerading as a crypto mining venture. This scam targeted thousands of investors, particularly in Hispanic communities across the United States. Originally from Germany, Tacuri helped launch Weltsys, which lured victims with enticing promises of high returns while draining their accounts. The scheme led to millions in losses, which Tacuri used to purchase luxurious properties. In addition to his prison sentence, the court ordered him to return $3.6 million and provide restitution to his victims, highlighting the need for vigilance against investment fraud.