- A senior promoter of the Forcount cryptocurrency Ponzi scheme, Juan Tacuri, has been sentenced to 20 years in prison
- The scheme defrauded thousands of investors, primarily targeting Spanish-speaking communities, with promises of guaranteed returns
- Tacuri used victim funds for personal luxuries, including Florida real estate and luxury goods
Juan Tacuri, a senior promoter in the Forcount cryptocurrency Ponzi scheme, has been sentenced to 20 years in prison for his role in defrauding thousands of investors. The scheme falsely promised profits from cryptocurrency trading, targeting many victims, especially in Spanish-speaking communities. Instead of delivering promised returns, Tacuri and others enriched themselves, using the money for personal luxuries, leaving most investors unable to recover their funds.
Tacuri Promised Profits
Juan Tacuri’s involvement in the global Ponzi scheme centered around Forcount, a fake cryptocurrency trading company that lured thousands of investors with promises of daily profits and guaranteed returns. Tacuri, one of the most successful promoters, actively misled investors by hosting flashy events, where he boasted about his earnings and encouraged more investments into the scheme.
“Tacuri promised financial freedom to hard-working people, but in reality, he was siphoning their life savings for his own lavish lifestyle,” prosecutors said during the trial. Victims were given access to an online portal showing growing profits, but attempts to withdraw these funds were met with delays, excuses, and additional hidden fees.
Lavish Lifestyle at Victims’ Expense
While victims were left without their investments, Tacuri used the funds to buy Florida real estate and luxury goods. He was known to attend promotional events in designer clothing to project an image of success, which convinced even more people to invest.
After hearing from over 20 victims, the court sentenced Tacuri to 20 years in prison, a forfeiture of $3.6 million, and restitution to the victims. U.S. Attorney Damian Williams stated, “Tacuri may have claimed to be involved in cutting-edge cryptocurrency investing, but in reality, he was running one of the oldest tricks in the book: a Ponzi scheme.”
