ForCount’s Nestor Nunez has been sentenced to 4 years in jail.
On the conclusion of his sentence, Nunez will moreover be topic to a further yr of supervised launch.
Forcount was an MLM crypto Ponzi scheme launched in late 2017.
Nunez performed ForCounts’ Boris CEO (i.e. a fictional govt), Salvador Molina.
After ForCount collapsed Nunez got here clear on social media:
Nunez, then residing in Spain, was indicted below seal in 2022.
Nunez was arrested in Spain in December 2022 and extradited to the US in April 2023.
As soon as within the US, Nunez pled responsible to conspiracy to commit wire fraud in August 2024.
Forcount was half of a bigger $800 million Ponzi empire run by Francisley Valdevino Da Silva (aka Francis Silva, proper).
Throughout his run as an MLM crypto Ponzi admin, Silva referred to himself because the “Cryptocurrency Sheik” and “boss of the pyramid scammers”.
Silva was arrested in Brazil in 2022 across the time of his indictment. There have been no updates on Silva’s standing since.
Forcount co-defendants Antonia Hernandez and Juan Tacuri (each promoters), pled responsible.
Tacuri was sentenced to twenty years in jail final month. Hernandez is scheduled for sentencing on January twenty seventh, 2025.