IcomTech Execs to Pay $5M in Restitution for Defrauding Investors with False Crypto Promises
Five individuals associated with IcomTech, a cryptocurrency Ponzi scheme that defrauded investors of $8.4 million, were ordered by a federal court to pay over $5 million in restitution and penalties. The December 11 ruling by the United States District Court for the Central District of California also included prison sentences for three of the defendants. […]