Crypto Ponzi Scheme Promoter Sentenced to 20 Years for Fraud
Damian Williams, a US Attorney for the Southern District of New York has recently announced a significant punishment for a senior Ponzi promoter. Juan Tacuri has proven a chief promoter in the worldwide crypto Ponzi scheme Forcount which later became Weltsys. He has received an imprisonment sentence of 240 months from US District Judge Analisa Torres.
How to recognize signs of a Ponzi financial scheme
In a world where financial freedom is the goal for many, it’s easy to get excited by opportunities that promise quick returns. Whether it’s through a friend, an online forum or even a trusted financial advisor, you might hear of investment programs that sound too good to be true. The thrill of achieving rapid wealth can cloud judgment and make it hard to distinguish between legitimate investments and scams. This is how Ponzi schemes thrive. Recognizing the signs of a Ponzi scheme could save you from devastating financial losses, and in this article, we’ll guide you through those warning signals.
Avoiding Crypto Scams in California: A Comprehensive Guide
Cryptocurrency has gained significant traction over the past decade, presenting numerous investment opportunities. However, the rise in popularity has also attracted scammers looking to exploit unsuspecting investors. California, being a tech hub, is a prime target for such scams. This article will provide you with practical tips on how to avoid falling victim to crypto scams in the Golden State.
Venezuelans in Miami Settle Charges Over Ponzi Scheme That Defrauded Investors For Over $3 Million, SEC Says
Two Venezuelan citizens living in Florida, Ricardo Javier Guerra Farias from Doral and Francisco Javier Malave Hernandez from Weston, were implicated in a $3.2 million fraud scheme targeting a group of investors, primarily Venezuelan-Americans. The Securities and Exchange Commission (SEC) accused the duo of orchestrating Ponzi-like payments through their entities, Toller Stern Financial and Toller Asset, noting that both Guerra and Malave have consented to financial penalties without admitting or denying the charges.