Four men in Central Florida have been accused of running a cryptocurrency pyramid scheme
Four Florida men have been charged with plotting millions of dollars of Spanish-speaking investors to hundreds of them.
orlando, florida – Tech experts describe the world of cryptocurrencies as the new Wild West. Outlaws and bandits are ready to take your money, they say, just like in the old Wild West.
Federal prosecutors have indicted three men from central Florida: Ramon Antonio Perez Arias, Juan Antonio Tacri Fajardo, and Jose Ramiro Coronado Reyes. They say the three conspired with Brazilian Francisli Valdevino da Silva to plan for hundreds of mostly Spanish-speaking investors from over $8 million through a cryptocurrency platform called Forcount. say.
“The SEC has a good batting average,” said Albert Yonghwa, a partner at Nejame Law, adding, “Unless there is overwhelming evidence that it is indeed an illegal scheme, we will pursue this type of incident. It is not.
The Securities and Exchange Commission says da Silva is a “self-proclaimed ‘Pyramid Fraud Boss’.” The group used his Forcount to lure investors with promises of cryptocurrency wealth, but prosecutors say all they were really selling were old-fashioned pyramids. scam.
“Certainly, people are making a lot of money from cryptocurrencies, but they are also losing millions of dollars these days. I think there is.” Expert Tom Gerneck.
Prosecutors say the Forcount app and website launched in July 2017 and collapsed towards the end of 2020. In the meantime, the group said it only used new investors’ money to make it look like existing users were getting good returns. , dressed up in cryptocurrency sparkle.
Meanwhile, investigators say four suspects were buying luxury goods, homes and cars with cash. It states that we must not fall for the master’s tricks. “I think there’s a lot of common sense that needs to be put into action right now. There’s also a sense of, ‘Maybe we shouldn’t look down on this road because this feels too good to be true.'” I think.”
Prosecutors say the suspects face charges including wire fraud and money laundering. Each count could land them in jail for 20 years.
