Two Crypto Promoters Plead Guilty To Forcount Ponzi Scheme Wire Fraud Conspiracy

Quick Summary:

Two crypto promoters involved in the infamous Forcount Ponzi scheme pleaded guilty to conspiracy to commit wire fraud on Monday in New York.

Da Silva and his affiliates reportedly misappropriated victims’ money on luxury goods, homes, and cars.

US prosecutors have cracked down on cryptocurrency fraudsters in recent months, most notably in the case and recent conviction of FTX founder Sam Bankman-Fried.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaBrazilPhilippinesSpainUnited States

Topics: Forcount News Plead Latest News Two Guilty Wire fraud Crypto Promoters Ponzi Scheme Conspiracy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 07:19:31 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21760331

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 24 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #121

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