iComTech promoter Marco Ruiz Ochoa has been sentenced to 5 years in jail.
As per Ochoa’s January nineteenth judgment, along with his jail sentence he’s up for $914,000 in forfeiture and “any and all property” linked to iComTech.
Additional restitution has been deferred until April third, 2024.
iComTech was an MLM Ponzi pitching each day returns of as much as 2.8%. The rip-off, primarily pitched to Spanish-speaking communities throughout the US and Latin America, collapsed in 2019.
Ochoa (proper), together with iComTech founder David Carmona and 4 different promoters, have been indicted in October 2022.
Ochoa pled responsible to iComTech associated fraud fees final September.
David Carmona has additionally pled responsible, together with Juan Arellano on January sixteenth.
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Carmona’s sentencing has but to be scheduled.
Remaining iComTech promoter defendants Moses Valdez, Juan Arellano, David Brend and Gustavo Rodriguez are scheduled to face trial on February twenty eighth.