Forcount ‘Ponzi scheme’ promoter sentenced to 20 years in prison
The United States Department of Justice announced that Juan Tacuri — a senior promoter of the Forcount Ponzi scheme, which was later rebranded to Weltsys — was sentenced to 20 years in prison on Oct. 15
The United States Department of Justice announced that Juan Tacuri — a senior promoter of the Forcount Ponzi scheme, which was later rebranded to Weltsys — was sentenced to 20 years in prison on Oct. 15.
According to an announcement from the Southern District of New York, Tacuri was also ordered to pay $3,610,718 in restitution and sentenced to one year of supervised release following his prison sentence.
Prosecutors said that Tacuri’s fraudulent scheme targeted victims all around the world, but mainly Spanish-speaking communities.
The 240-month sentence handed down by Judge Analisa Torres represents the maximum statutory sentence. Following the decision, United States Attorney Damian Williams remarked:
“Juan Tacuri may have claimed to be involved in cutting-edge cryptocurrency investing, but, in reality, he was running one of the oldest tricks in the book — a Ponzi Scheme."
The prosecutor concluded by saying the maximum sentence imposed by Judge Torres was a “Stark reminder that, in the long run, fraud does not pay.”
