Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme By Cointelegraph
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Marco Ruiz Ochoa pleaded guilty to one count of conspiracy to commit wire fraud in the Southern District Court of New York on Sept. 27 in relation to Ponzi scheme perpetrated by the IcomTech company. Ochoa was CEO of IcomTech from its founding in 2018 to 2019.
According to a statement from the United States Justice Department, IcomTech promised investors daily returns on investment products offered by the company, which purported to be a crypto mining and trading company. Promoters “hosted lavish expos” and other community events around the world to attract customers. The company also issued its own token, called an Icom.
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Marco Ruiz Ochoa pleaded guilty to one count of conspiracy to commit wire fraud in the Southern District Court of New York on Sept. 27 in relation to Ponzi scheme perpetrated by the IcomTech company. Ochoa was CEO of IcomTech from its founding in 2018 to 2019.
According to a statement from the United States Justice Department, IcomTech promised investors daily returns on investment products offered by the company, which purported to be a crypto mining and trading company. Promoters “hosted lavish expos” and other community events around the world to attract customers. The company also issued its own token, called an Icom.
Continue Reading on Coin Telegraph
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