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Gustavo Rodriguez, one of the promoters of cryptocurrency mining and trading firm IcomTech, is on trial in New York on fraud charges. Rodriguez’s lawyers requested an evidentiary hearing in a hearing held in the Southern District Court of New York on October 22, indicating that they intend to testify at the hearing in March 2024. The court will hear testimony from Rodriguez and a witness on October 25.

Rodriguez and David Brend were indicted along with IcomTech founder David Carmona. IcomTech was alleged to have been a crypto Ponzi scheme that bilked users out of more than $8 million between 2018 and 2019. Carmona pleaded guilty in December 2023 and was sentenced to 10 years in prison in October 2024.

Rodriguez and Brend were found guilty of fraud in March 2024. Rodriguez’s lawyers pointed out similarities to the AirBit crypto Ponzi scheme. Prosecutors have requested a sentence of 160 months in prison for Rodriguez.

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