Cryptocurrency promoter Juan Tacuri was sentenced to 20 years in prison for running a #ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking communities in the U.S.

The scheme, disguised as a #Criptomonedas mining operation, promised guaranteed returns but left victims unable to withdraw funds while the promoters pocketed millions.

In addition to his 20-year prison term, he was sentenced to one year of supervised release and ordered to forfeit more than $3 million, including his Florida home, and pay $3.6 million in restitution to the victims.