A New York-based federal court sentenced Juan Tacuri to a 20-year jail term for promoting a global crypto Ponzi scheme called Forcount.
Tacuri defrauded Spanish-speaking investors by promising high returns from crypto mining and trading.
He operated the Ponzi scheme from 2018 to 2021, luring investors with guaranteed monthly profits through Forcount's investment plans.
Besides the jail term, Tacuri has been ordered to forfeit nearly $3.5 million in illegally obtained gains and a Florida-based property bought with investors' money.