Marco A. Ruiz Ochoa has settled civil iComTech fraud prices with the CFTC.
As per the phrases of the settlement, Ochoa is
- topic to a everlasting injunction prohibiting additional Commodities Act violations and something to do with registered buying and selling; and
- collectively responsible for $1,098,920 in restitution.
iComTech was an MLM crypto Ponzi launched in 2018.
Ochoa (proper) is collectively responsible for restitution with co-defendants David Carmona, Juan Parra, Moses Valdez and David Brend, every topic to default judgment in October.
Along with a civil fraud lawsuit from the CFTC, Carmona, Ochoa and Brend had been additionally criminally charged in 2022.
David Carmona, iComTech’s founder, was sentenced to 10 years in jail in October.
Ochoa himself was sentenced to 5 years in jail in January 2024. David Brend’s sentencing is pending.
A fourth iComTech legal defendant, Gustavo Rodriguez, was sentenced to eight years in jail final month.