Juan Tacuri has been sentenced to a maximum of 240 months for his role in the Forcount Ponzi scheme.

Tacuri was a senior promoter in the Forcount Ponzi scheme that defrauded thousands of investors, primarily in Spanish-speaking communities, according to court documents. The U.S. District Court for the Southern District of New York, under Judge Analisa Torres, delivered the maximum sentence for his role in the crypto-based fraud. 

Tacuri, 46, was ordered to pay over $3.6 million in restitution and forfeit a home in Florida that was purchased with stolen funds.

Crypto fraud details

Forcount, later known as Weltsys, falsely claimed to engage in crypto mining and trading. Tacuri and other promoters told investors they could guarantee daily returns and double their investments within six months. 

However, the company was not involved in any legitimate crypto activities. Instead, Forcount operated as a classic Ponzi scheme, using new investments to pay off earlier participants while its promoters enriched themselves.

Victims were primarily working-class, Spanish-speaking individuals. Tacuri traveled across th

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Author: Micah Zimmerman