**Crypto Fraud Crackdown: IcomTech Promoter Sentenced**

David Brend, a promoter of the fraudulent crypto firm IcomTech, has been sentenced to 10 years in prison for conspiracy to commit wire fraud. At a Dec. 2 hearing in New York, Judge Jennifer Rochon ordered Brend to serve his time at a Florida prison and pay $40,000 in forfeiture.

Brend's sentencing follows that of fellow promoter Gustavo Rodriguez, who received an eight-year sentence. Both were key figures in a Ponzi scheme that defrauded investors of millions. IcomTech lured victims with promises of financial freedom, using lavish events and luxury goods as bait.