1. Home
  2. Coin Telegraph
  3. Judge sentences Forcount promoter to 30 months behind bars
Judge sentences Forcount promoter to 30 months behind bars

Judge sentences Forcount promoter to 30 months behind bars

0

Source: Coin Telegraph

Antonia Perez Hernandez, one of five individuals indicted for their involvement in the Ponzi scheme Forcount, pleaded guilty to conspiracy to commit wire fraud in 2024.

Antonia Perez Hernandez, a promoter of the cryptocurrency Ponzi scheme Forcount who pleaded guilty to conspiracy to commit wire fraud, has been sentenced to more than two years in prison.

In a Jan. 27 hearing at the US District Court for the Southern District of New York (SDNY), Judge Analisa Torres — the same judge presiding over the US Securities and Exchange Commission’s case against Ripple Labs — sentenced Hernandez to 30 months for her involvement in the crypto scheme. Hernandez pleaded guilty to working with her co-conspirators to steal roughly $8.4 million from investors between 2017 and 2021 by promoting crypto trading and mining on Forcount, promising significant returns.

“Ms. Hernandez sold valueless coins,” said Judge Torres before sentencing the Forcount promoter, according to Inner City Press. “There is some evidence she’s done it since.”

Read more

Go to Source
Author: Turner Wright