Marco Ruiz Ochoa, the former executive of IcomTech, has confessed to his involvement in a notorious cryptocurrency Ponzi scheme. IcomTech enticed investors with lavish displays of luxury and promises of daily returns from crypto mining and trading activities. However, these promises were empty since the company had no actual cryptocurrency operations.
IcomTech created an illusion of legitimacy through elaborate events where Ochoa and other promoters showcased luxury cars and high-end attire. These extravagant displays were designed to generate excitement about their schemes, leading investors to purchase “cryptocurrency-related investment products” with hopes of significant profits.
Behind the scenes, investor funds were not used for crypto trading or mining; instead, they were used to pay off previous investors, and substantial amounts were diverted for personal luxuries and unauthorized expenses. By 2018, some investors encountered difficulties withdrawing their investments, encountering excuses, delays, and hidden fees. Despite these warning signs, IcomTech promoters, including Ochoa, continued their operations, attracting more investors and their funds.
To further deceive investors, IcomTech introduced its own crypto tokens called “Icoms,” which were presented as promising ventures but had no actual value, resulting in additional losses for unsuspecting investors. The collapse of IcomTech occurred by the end of 2019.
Furthermore, the Commodity Futures Trading Commission has brought charges against other individuals associated with IcomTech, including David Carmona, Juan Arellano Parra, and Moses Valdez, highlighting the extent of the scam, which appeared to primarily target Spanish-speaking communities.
By FCCT Editorial Team freeslots dinogame telegram营销
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}