Juan Tacuri Sentenced to 240 Months for Forcount Ponzi Scheme Involvement

Juan Tacuri has received a maximum sentence of 240 months for his significant role in the Forcount Ponzi scheme. Tacuri, a senior promoter, was involved in defrauding thousands of investors, primarily within Spanish-speaking communities, as documented by court records. The U.S. District Court for the Southern District of New York, presided over by Judge Analisa Torres, handed down the maximum sentence for his involvement in this crypto-based fraud.

At 46 years old, Tacuri has been ordered to pay over $3.6 million in restitution and to forfeit a home in Florida that was bought with the stolen funds.

Forcount Ponzi Scheme Details

Forcount, which later rebranded as Weltsys, falsely claimed to engage in cryptocurrency mining and trading. Tacuri and other promoters assured investors of guaranteed daily returns and the prospect of doubling their investments within six months.

However, the company had no legitimate crypto activities. Instead, Forcount functioned as a classic Ponzi scheme, using new investments to pay off earlier participants while enriching its promoters.

Four months after his guilty plea, Juan Tacuri has been sentenced to 240 months in prison and ordered to forfeit $3,610,718.67 and title to a home in Florida he purchased in part with Forcount Victim funds.

Targeting Vulnerable Communities

The victims of this scheme were primarily working-class, Spanish-speaking individuals. Tacuri traveled across the United States, hosting events to attract more investors. These events ranged from small community gatherings to larger-scale expos, where Tacuri boasted about his financial success and promoted Forcount’s products.

Investors were misled into believing they could achieve financial freedom through these investments. Despite mounting complaints as early as 2018, when investors realized they couldn’t withdraw funds, Tacuri and other promoters continued to push the scheme.

Introduction of Mindexcoin

To address liquidity issues, the scheme introduced proprietary tokens called “Mindexcoin,” claiming they would retain value. These tokens ultimately became worthless, leading to further financial losses for investors.

Tacuri’s sentence, which includes one year of supervised release, followed impact statements from more than 20 victims during the sentencing. U.S. Attorney Damian Williams highlighted that Tacuri’s actions were a clear case of fraud disguised as cutting-edge crypto investing. “Fraud does not pay,” Williams stated.

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