Forcount Cryptocurrency Scam Mastermind Tacuri Pleads Guilty, Faces 20 Years in Jail
Summary:
Juan Tacuri, a principal promoter of the Forcount cryptocurrency "Ponzi" scheme, has pleaded guilty to a wire fraud conspiracy in New York, contributing to an $8.4 million loss for investors, predominantly Spanish-speaking, across the globe. Tacuri, who profited millions from the fraud, has agreed to surrender nearly $4 million and some real estate funded with victims' money as part of his plea deal. He will face sentencing on September 24, 2024, with a maximum punishment of 20 years in prison.
Juan Tacuri, a key figure in the fraudulent Forcount cryptocurrency "Ponzi" operation, has confessed to his involvement in a wire fraud conspiracy in New York. As a leading player in this scam, Tacuri defrauded investors globally, predominantly from the Spanish-speaking population, resulting in losses of $8.4 million, according to a June 5 announcement by the Southern District of New York's United States Attorney's Office. Tacuri was a major beneficiary of this scam, amassing millions from his role in the deceptive scheme.
The fraudulent operation involved grandiose promises of high returns, including doubling their investments within half a year, from Forcount's cryptocurrency mining and trading activities. Commenting on Tacuri's admission of guilt, U.S. Attorney Damian Williams stated that the plea holds Tacuri legally responsible for exploiting the retail investors and for his fictitious investment proposal.
The judgement for Tacuri is scheduled for September 24, 2024, presided over by Judge Analisa Torres, who has experience in dealing with the cryptocurrency industry. If guilty, Tacuri might face a maximum imprisonment term of 20 years.
Juan Tacuri, along with Francisley Da Silva and Antonia Perez Hernandez, was charged in December 2022 for participating in this fraudulent operation between 2017 and 2021. Both Da Silva and Hernandez have not been sentenced or confessed to their crimes. Tacuri, as per Attorney Williams, splurged victims' money on high-end commodities and property.
Tacuri, as a part of his plea agreement, will surrender nearly $4 million and some property funded through the victims' money. A typical trait of Ponzi scheme masterminds like Tacuri is to organize extravagant events and public presentations in the U.S. intending to invite victims to invest in the fraudulent scheme.
He often highlighted the significance of financial independence, proudly sharing his earnings from the fraudulent operation. Investors enticed by Tacuri would join Forcount's platform and watch their "profits" grow. However, most lost everything since they couldn't withdraw their "profits".
Those who tried withdrawal faced hurdles, including hidden charges and delays. To fuel the scam, Forcount introduced a new cryptocurrency, "Mindexcoin". Tacuri falsely assured that the coin's value would skyrocket when businesses started accepting it for products and services, leading to further losses for victims.
In conclusion, Attorney Williams emphasized their relentless pursuit of Ponzi scheme architects like Tacuri, particularly when they exploit financially vulnerable regular workers. He alerted that according to the magazine 1 in 6 new Base meme coins are scams, and 91% are vulnerable.
Published At
6/6/2024 5:52:45 AM
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