iComTech Ponzi promoter Gustavo Rodriguez has been sentenced to eight years in jail.
Rodriguez’s sentencing follows conviction by jury of conspiracy to commit wire fraud again in March.
On the cash facet of issues an October thirty first preliminary order directs Rodriguez to pay $40,000, representing what he obtained by means of iComTech.
iComTech was an MLM crypto Ponzi that collapsed in mid to late 2019.
Following their respective indictments, iComTech founder David Carmona, Rodriguez and 4 different iComTech defendants had been arrested in 2022.
- David Carmona was sentenced to 10 years in jail in October 2024
- Marco Ruiz-Ochoa was sentenced to 5 years in jail in January 2024
- David Brend is scheduled to be sentenced on November twenty second, 2024
- Moses Valdez’s standing is unclear, there have been 4 sealed filings on his docket since April thirtieth, 2024
- Juan Arellano was scheduled for sentencing on September seventeenth however his present standing can also be unclear (additionally 4 sealed filings since April thirtieth, 2024)
Along with felony expenses, the CFTC additionally filed civil iComTech associated fraud expenses in Could 2023. The result of the CFTC’s iComTech lawsuit stays pending.