Following negotiation with the DOJ, iComTech founder David Carmona has been ordered to pay $789,218 in restitution. A separate order has additionally set iComTech forfeiture at $3.7 million.
On January twenty eighth the Southern District of New York court docket ordered Carmona pay $789,218.94 in restitution to iComTech victims.
iComTech was an MLM crypto Ponzi that launched in 2018. Following his arrest in 2022, Carmona pled responsible to 1 rely of conspiracy to commit wire fraud in January 2024.
In October 2024, Carmona was sentenced to 10 years in jail.
Carmona’s iComTech restitution order sees him being held collectively liable with co-conspirators Marco Ochoa, Moses Valdez, Juan Arellano, David Brend and Gustavo Rodriguez.
Moses Valdez’s and Juan Arellano’s standing stays unclear following their respective arrests.
Separate proposed restitution orders for David Brend and Gustavo Rodriguez had been filed on January twenty ninth.
The court docket has given Brend and Rodriguez until February tenth to file a response, after which an willpower order might be issued.
In parallel iComTech civil fraud proceedings, the CFTC secured default judgment in opposition to Carmona and his accomplices in November 2024.
As per the phrases of the judgment, $1.09 million is to be paid in restitution plus a $1 million civil cash penalty.