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Crypto Ponzi Scheme Exposed: IcomTech Leaders Sentenced to Decade Behind Bars

  • Two central figures behind the cryptocurrency Ponzi scheme known as IcomTech have been sentenced to substantial prison terms.
  • David Brend and Gustavo Rodriguez received prison sentences of 10 and 8 years, respectively, for conspiracy to commit wire fraud.
  • IcomTech masqueraded as a cryptocurrency mining and trading firm, defrauding investors out of millions of dollars.
  • The scheme collapsed in 2019, and both individuals will also face restitution and forfeiture determinations.

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