By Philip Maina
14 hours agoFri Nov 01 2024 10:15:47
Checking out Time: 2 minutes
A New York court has actually sentenced IcomTech’s promoter Gustavo Rodriguez to 8 years in jail for his function in the business that ran a Ponzi plan. The district attorneys desired Rodriguez to be provided over 13 years, the court stated that the 8 years would hinder striving harmful stars in the crypto scene. The district attorneys argued that the promoter wasn’t sorry, an indication that he delighted in defrauding individuals.
Rodriguez Didn’t “Profit Like Others”
According to Inner City Press, the judge stated that he does not think Rodriguez’s claims that he’s a social course, including he lagged the site that assisted in the criminal offense. The judge, nevertheless, kept in mind that the promoter didn’t “earnings like [the] others.”
Judge is back: Gustavo Rodriguez revived in by United States Marshals
Judge: He is plainly a really clever male. Based upon my prolonged time with him … I do not think he is a sociopath. He developed the back workplace and site that permitted this. He did not benefit like others
— Inner City Press (@innercitypress) October 31, 2024
The court likewise learnt that Rodriguez deliberately depended on his submissions. His defense attorney regreted that the 180 months the prosecution had actually proposed is “more than [what] violent bad guys get.”
The legal representative sent that Rodriguez is a “computer system geek that slipped up,” including that he likewise “had excessive pride.” On his part, the promoter pleaded with the judge to have grace on him stating that his boy is ending up high school and the college expenses are extremely high.
Defense: A phone in his cell. It wasn’t his.
Gustavo Rodriguez: Initially I wished to talk with the Government to assist them … For my boy, he had actually never ever invested a night without me. My other child is ending up high school, he saw college expenses, extremely high. Have grace
— Inner City Press (@innercitypress) October 31, 2024
Rodriguez is to name a few IcomTech promoters implicated by the Commodity Futures Trading Commission (CFTC) of running a Ponzi plan. In 2015, IcomTech CEO Marco Ruiz Ochoa confessed to running a crypto Ponzi plan.
Rodriguez Isn’t the First To Go to Prison
Rodriguez’s sentencing comes a month after a Florida male was sentenced to 47 years for taking Bitcoin, and 7 months after OneCoin’s legal chief got a jail sentence of 4 years.
It likewise comes 7 months after the collapsed FTX exchange employer Sam Bankman-Fried was sentenced to 25 years.
More crypto scammers are going to prison,
2018, BidPixels