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Former IcomTech CEO Marco Ochoa Sentenced for Wire Fraud Involving Crypto Ponzi Scheme

Former IcomTech CEO Marco Ochoa Sentenced for Wire Fraud Involving Crypto Ponzi Scheme

Marco Ochoa, ex-CEO of IcomTech, has been sentenced to five years in prison for wire fraud in a crypto Ponzi scheme, with a $914,000 forfeiture and two years of supervised release.

CEO of IcomTech Pleads Guilty in Cryptocurrency Ponzi Scheme

CEO of IcomTech Pleads Guilty in Cryptocurrency Ponzi Scheme

Marco Ruiz Ochoa, former CEO of IcomTech, pleaded guilty to conspiracy to commit wire fraud for his role in a large-scale cryptocurrency Ponzi scheme. The company falsely promised high returns on cryptocurrency investments and used promotional tactics to lure victims. Ochoa now faces up to 20 years in prison.

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