Forcount Promoter Sentenced to 2 Years for Crypto Fraud
Other notable names from the Forcount saga, such as Juan Tacuri and Nestor Nuñez, both bagged 20 years and 4 years, respectively.
A woman who helped promote a fake crypto investment scheme is going to prison for her role in scamming people out of millions.
Antonia Perez Hernandez has been sentenced to 30 months behind bars after admitting she was part of a fraud operation called Forcount.
The court hearing took place on January 27 in New York. Judge Analisa Torres, who is also handling a case involving Ripple Labs, gave Hernandez the sentence.
Prosecutors said she and her team tricked people into believing they could make money through crypto trading and mining. Instead, Forcount took about $8.4 million from investors between 2017 and 2021.
Senior Forcount Ponzi scheme promoter Antonia Perez Hernandez sentenced to 30 months in prison by U.S. District Judge Analisa Torres. Previous press release: https://t.co/xyDjz0JCFy
— US Attorney SDNY (@SDNYnews) January 27, 2025
Judge Torres noted that Hernandez sold “worthless” coins, adding that she may have been involved in similar activities even after Forcount collapsed. Hernandez expressed remorse during the ruling. Other notable names from the Forcount saga, such as Juan Tacuri and Nestor Nuñez, both bagged 20 years and 4 years, respectively.
Investigators say Forcount was a classic Ponzi scheme. Instead of making real profits from crypto, they used money from new investors to pay older ones—until everything fell apart. The company had falsely promised that investors could double their money within six months.
Just got home from court, and another Forcount leader sentenced to two years and a half.
It just makes me think is it really worth scamming people for in exchange of your freedom.
Yes, you will make money, but only until you get caught.
— Wadi X (@WadiCryptoX) January 27, 2025
This case is one of the first big crypto fraud rulings since a leadership change at the U.S. Attorney’s Office in New York.
Spanish Authorities Freeze $26.4M in Crypto Linked to Money Laundering Network
In other news, Spanish authorities froze $26.4 million linked to a money laundering network. Authorities collaborated with Tron, Tether, and TRM Labs to freeze the funds. The operation is being hailed as a significant step in cracking down on crypto crimes.
Authorities around the world are pushing against crypto crimes. Chainalysis, in a recent report, noted that crypto crimes cost users over $2 billion in 2024. Several platforms are also implementing new security measures to protect users from hackers.
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