Crypto fraud advocate pleads guilty, faces up to 20 years in US prison

Juan Tacuri, the principal promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, pleaded guilty in the Southern District of New York to conspiracy to commit wire fraud. The scheme primarily targeted Spanish-speaking communities in the United States, and Tacuri profited handsomely, amassing millions of dollars through his fraudulent activities. Sentencing scheduled for September 24th, (…)