David Carmona, founding father of the iComTech Ponzi scheme, has pled responsible to at least one depend of conspiracy to commit wire fraud.
After initially pleading not responsible following his arrest in late 2022, Carmona modified his plea at a December twenty second listening to.
Sentencing, which can embody jail time, restitution and financial penalties, has but to be scheduled.
The utmost sentence for conspiracy to commit wire fraud is twenty years.
Launched in 2018, iComTech was an MLM crypto Ponzi that pretended to interact in crypto buying and selling and mining.
iComTech buyers had been pitched on as much as 2.8% a day, which collapsed when new funding ran dry.
Co-defendant Marco Ruiz-Ochoa (proper) pled responsible in September 2023.
Ruiz-Ochoa was scheduled to be sentenced on January 18th however a scheduling battle will possible see that date pushed again.
Juan Arellano, Moses Valdez and David Brend stay scheduled to face trial on February twenty eighth, 2024.