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Crypto Genius Behind $Millions Ponzi Scheme Gets Decade-Long Vacation in Prison!

Crypto NewsHackNews Linda Williams October 8, 2024

A illustration depicting a man (David Carmona) sitting on a beach with his feet up, surrounded by palm trees and seagulls flying overhead. He's wearing sunglasses and holding an ice cream cone. In the background, a prison wall stretches out to sea, with bars forming waves in the distance.

The never-ending parade of crypto crooks continues! It seems like every week we get a new story about some ‘visionary’ who’s been scamming innocent people out of their hard-earned cash with promises of easy riches and financial freedom. And the best part? They’re all just rehashing the same old Ponzi scheme playbook, preying on working-class folks who are desperate to make ends meet. IcomTech is just the latest in a long line of crypto ‘Ponzi’ schemes that have bilked millions out of people’s pockets. The founder David Carmona got 10 years for his troubles – nice work if you can get it, right? But let this be a lesson to all the would-be cryptocurrency millionaires out there: at the end of the day, crypto is just numbers on a computer created from thin air by scammers and con artists. Stay tuned for more!.

Source: cointelegraph

Founder of crypto ‘Ponzi’ scheme’ IcomTech sentenced to 10 years in prison
https://cointelegraph.com/news/founder-of-crypto-ponzi-icomtech-receives-10-year-prison-sentence
David Carmona, the founder of the cryptocurrency “Ponzi” scheme IcomTech, has been handed a 10-year prison sentence for conspiracy to commit wire fraud. Carmona was the “mastermind” behind IcomTech, which “preyed upon working-class people by promising them complete financial freedom in exchange for parting with their hard-earned money,” United States Attorney Damian Williams said in an Oct. 4 statement. The founder told investors the funds would be invested in crypto […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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