According to US prosecutors, Juan Tacuri, and his co-conspirators, defrauded investors of $8.4 million in an apparent Ponzi Scheme.
The United States Department of Justice announced that Juan Tacuri — a senior promoter of the Forcount Ponzi scheme, which was later rebranded to Weltsys — was sentenced to 20 years in prison on Oct. 15.
According to an announcement from the Southern District of New York, Tacuri was also ordered to pay $3,610,718 in restitution and sentenced to one year of supervised release following his prison sentence.
Prosecutors said that Tacuri’s fraudulent scheme targeted victims all around the world, but mainly Spanish-speaking communities.
