The CFTC announced a court decision against the participants of the Icomtech digital asset fraud scheme, including Marco A. Ruiz Ochoa and others. They promised clients high profits from trading Bitcoin and other assets, but instead misappropriated the funds. Carmona, Arellano, Valdes, and Brand are required to pay more than $1 million in compensation to the victims and fines, and they are also prohibited from participating in trading. Ochoa pleaded guilty and faced similar sanctions.
12/13/2024 1:23:14 PM (GMT+1)
The court found the participants of the fraudulent Icomtech scheme guilty of misappropriating clients' funds, ordered them to pay more than $1 million, and banned them from trading digital assets 🚫
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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