Juan Tacuri, a significant promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, has pleaded responsible to conspiracy to commit wire fraud within the Southern District of New York. The scheme primarily focused Spanish-speaking communities within the U.S., and Tacuri benefited considerably, amassing hundreds of thousands from his fraudulent actions. Scheduled for sentencing on Sept. 24, Tacuri faces as much as 20 years in jail. His fraudulent actions included misrepresenting the advantages of cryptocurrency funding merchandise supplied by Forcount, which falsely promised substantial returns via non-existent crypto buying and selling and mining. Victims’ funds had been misused for lavish expenditures and promotional occasions, whereas Tacuri and different promoters manipulated investor pleasure and belief to their benefit. Because the scheme unraveled, Tacuri and his associates confronted rising complaints and in the end ceased operations, leaving traders with substantial monetary losses.
Crypto Scam Promoter Pleads Guilty, Faces Up to 20 Years in US Prison
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