As a researcher with a background in finance and experience in investigating financial crimes, I find Juan Tacuri’s guilty plea to conspiracy to commit wire fraud in the Forcount cryptocurrency Ponzi scheme deeply concerning. The fact that Tacuri targeted primarily Spanish-speaking investors and reaped $8.4 million is particularly shocking and highlights the vulnerability of communities who may not fully understand the complexities of investing in cryptocurrencies.
forty-six-year-old Juan Tacuri from Greenacres, Florida, who played a key role in the illegal Forcount cryptocurrency investment scheme labeled as a Ponzi scheme, admitted his guilt to conspiring to carry out wire fraud within the jurisdiction of the Southern District of New York.
This scheme, which garnered $8.4 million mainly from Spanish-speaking investors, has been labeled as a particularly startling fraud aimed at exploiting vulnerable populations.
Forcount Promoter Juan Tacuri’s Guilty Plea
At a court hearing presided over by U.S. District Judge Analisa Torres, Damian Williams, the US Attorney for the Southern District of New York, revealed that Tacuri had entered a plea.
“U.S. Attorney Williams commented that with his guilty plea, Juan Tacuri will face the consequences for deceiving unsuspecting retail investors by peddling a phony investment scheme.”
As an analyst, I would rephrase it as follows: “I have identified a case involving an individual named Tacuri, who amassed millions of dollars from unsuspecting victims’ funds – resources that those victims could not afford to lose. Instead of using these funds responsibly to help alleviate their financial distress, Tacuri squandered them on luxury items and real estate. My team and I remain committed to relentlessly pursuing perpetrators like Tacuri, especially when they exploit the vulnerabilities of regular working people in dire financial straits.”
Tacuri, a key figure in peddling the deceitful investment scheme, is slated for sentencing on September 24, 2024. The consequence could be as long as 20 years’ imprisonment for his part in the scam. As stipulated in his plea deal, Tacuri will relinquish approximately $4 million and specific real estate that were purchased using funds from the victims.
Forcount Crypto Ponzi Scheme
Based on the indictment, publicly available records, and court declarations, Forcount (previously identified as Weltsys) represented itself as a business dealing in cryptocurrency mining and trading. However, it allegedly made false promises of daily guaranteed returns and a twofold increase in investments within half a year.
As a crypto investor, I’ve come across schemes where promoters like Tacuri enticed potential investors with grandiose expos and captivating community presentations. They pitched their scheme as the key to financial liberty. Convinced by their persuasive words, victims made investments using various methods such as cash, checks, wire transfers, and even cryptocurrencies.
As a researcher studying this case, I discovered that victims were provided with an online platform showing them inflated profit figures. Yet, most of them found it impossible to withdraw their supposed earnings, leading to the unfortunate outcome of losing all their investments. On the other hand, Tacuri and his associates managed to extract significant funds for their own indulgences and continued marketing of the fraudulent scheme.
Starting from April 2018, I came across issues while attempting to withdraw my funds. My concerns, along with those of other investors, were dismissed with lame excuses, unexplained delays, and unexpected fees by Tacuri and related parties. Regardless, Tacuri persisted in marketing the scheme and soliciting new investments despite these complaints.
To tackle cash flow problems, Forcount introduced their unique crypto-token named “Mindexcoin.” However, Tacuri deceptively asserted that these tokens would experience substantial value growth. In truth, the tokens held no worth, exacerbating the financial losses of victims. By 2021, the scheme had discontinued payments to affected individuals, and Tacuri and other advocates became unresponsive to grievances.
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2024-06-09 22:46