Crypto Scam Promoter Falls! Juan Tacuri pleads guilty and agrees to lose 4 million dollars

Juan Tacuri, a key promoter of the Forcount Crypto ponzi scheme, has confessed to his involvement in the scam that defrauded millions of investors around the world. According to CoinDesk, Tacuri admitted to one count of conspiracy to commit wire fraud and agreed to repay nearly $4 million to victims.

What happened?

Tacuri and other promoters assured investors that their investments in Forcount would double within 6 months.

In reality, Forcount did not have any legitimate mining or business activities.

The promoters used the money of new investors to pay the previous ones and get rich.

Tacuri was known for:

Travel around the United States organizing extravagant events to attract investors.

Brag about your earnings while wearing designer clothes.

Promising investors to "achieve financial freedom."

The authorities:

The SEC filed civil charges against Tacuri and three other members of the scheme for violating the Securities Act.

Two more Forcount promoters were arrested and charged with fraud.

Tacuri will be sentenced in September and could face up to 20 years in prison.

What can we learn?

Be careful with promises of quick high returns.

Do your research before investing in any cryptocurrency.

Don't trust promoters who boast about their wealth.

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