🚨 Crypto Alert! 🚨
Five promoters behind the IcomTech Ponzi scheme have been ordered to pay over $5M in penalties and restitution for defrauding investors. IcomTech, falsely touted as a Bitcoin mining and trading firm, promised returns up to 100% but collapsed in 2019, leaving investors with worthless "Icoms" tokens.
Key Points:
- $1M restitution for defrauded customers
- $1M civil penalty for each promoter
- Permanent CFTC trading ban
What are your thoughts on crypto scams? Share in the comments! 💬