US prosecutors have exposed a shocking truth about the Forcount Ponzi scheme, revealing how Juan Tacuri and his partners deceived investors of $8.4 million.
The scheme, dressed as a cutting-edge cryptocurrency venture, turned out to be a classic Ponzi scheme that defrauded victims worldwide, particularly targeting Spanish-speaking communities.
The scheme promised hefty returns through non-existent crypto mining and trading operations, enticing investors with illusions of doubling their capital in just six months. However, the reality was far from the promises made, as the fraudsters splurged on luxury items and properties using the stolen money.
Clients started experiencing withdrawal issues in 2018, and by 2021, complaints went unanswered. In 2022, charges were filed against the scheme’s founder, Francisley da Silva.
Juan Tacuri, a senior promoter, was handed a 20-year prison sentence and ordered to pay over $3.6 million in restitution, serving as a stark reminder that fraud ultimately leads to severe consequences.
