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As 2025 begins, several high-profile cryptocurrency criminals are spending their first New Year in prison. Sam Bankman-Fried, former CEO of FTX, was sentenced to 25 years, while Tornado Cash co-founder Alexey Pertsev received over five years for money laundering. Other notable figures include IcomTech founder David Carmona, sentenced to 10 years, and Bitfinex money launderers Ilya Lichtenstein and Heather Morgan, with Morgan set to report to prison later this month.
Five individuals linked to IcomTech, a cryptocurrency Ponzi scheme that defrauded investors of $8.4 million, have been ordered by a federal court to pay over $5 million in restitution and penalties. The court also imposed prison sentences on three defendants, including leader David Carmona, who received a 10-year sentence. The scheme, which operated from 2018 to 2019, falsely promised daily returns of up to 2.8% while misusing investor funds for personal expenses.
A federal court has imposed over $5 million in penalties on five individuals linked to Icomtech for a fraudulent digital asset scheme that deceived nearly 200 investors. The defendants, including Marco A. Ruiz Ochoa and David Carmona, face prison sentences and significant fines after promising unrealistic returns through non-existent cryptocurrency trading. The court's ruling includes restitution payments and permanent bans from trading in CFTC-regulated markets.
A Californian court has ordered five individuals involved in IcomTech's Ponzi scheme to pay over $5 million for fraud related to a fake Bitcoin trading operation. The defendants fraudulently solicited over $1 million from 190 victims, promising high returns through a non-existent platform, while misappropriating around $8.4 million. All five have been permanently banned from CFTC-regulated markets, with several receiving prison sentences for their roles in the scheme.
David Brend
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
crypto criminals face new year in prison as cases conclude
United States Dollar
Alameda Research LLC
NLD
BHS
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David Brend
Ross William Ulbricht
Gustavo Rodríguez
Ilya Lichtenstein
Heather Morgan
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Alexey Pertsev
Sam Bankman-Fried
David Carmona
Caroline Ellison
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17:00 02.01.2025
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