JAKARTA - The Forcount scandal appears as a stern warning about the risk of the Ponzi scheme. Juan Tacur, a major promoter behind the Ponzi Forcount scheme, has pleaded guilty to conspiracy to commit fraud through telecommunications, marking a new chapter in law enforcement in the industry.
In the South District of New York court, Tacur admits his role in fraud that harms many investors. Reporting from CryptoPotato, United States Attorney Damian Williams, confirms that Tacur has been responsible for fraud against retail investors, selling them dreams of investing which turned out to be fake. The thief is scheduled to be sentenced to September 24, 2024, with a possible prison sentence of up to 20 years.
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Chronology of the Ponzi Forcount Scheme
Forcount, also known as Weltsys, promises lucrative return to investment through crypto asset mining and trading. However, these promises are nothing more than an illusion created to attract casualties. The thief and his colleagues used luxury exhibitions and community presentations to lure investors, promising rapid financial freedom.
Investors who are deceived invest through various methods, including cash, checks, bank transfers, and crypto assets. They are given access to online portals that display profits that never existed. When liquidity issues begin to emerge, Forcount creates their own crypto tokens, Mindexcoins, which are promised will be of high value. However, in reality, the token has no value, leaving investors with larger losses.
The Ponzi Forcount scheme has taught important lessons about the importance of due diligence in crypto investments. Tacur's guilty confession is not only the end of this fraudulent scheme but is also a turning point for industry to move towards better transparency and regulation.
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