A New York jury returned a guilty verdict on two promoters of IcomTech, painted as a cryptocurrency mining and trading company that promised "victim-investors" that they would reap profits after purchasing purported crypto-related investment products.
Last week, U.S. Attorney for the Southern District of New York Damian Williams announced that promoters David Brend and Gustavo Rodriguez were "swiftly" convicted by a jury on charges of conspiracy to commit wire fraud in connection with their involvement in a "large-scale cryptocurrency Ponzi scheme known as IcomTech." The news was reported by cryptocurrency outlets Sunday.
