SEC Files Charges Against “Crypto Pyramid Scheme”

Jon Breyfogle

Digital Securities Lab Community Manager
Staff member
May 30, 2022
Findlay, Ohio
The Securities and Exchange Commission (SEC) has filed charges in another case of alleged crypto fraud. This time the “crypto pyramid scheme” apparently targeted the Spanish-speaking community. According to the SEC, Francisley Valdevino Da Silva, Juan Antonio Tacuri Fajardo, Ramon Antonio Perez Arias, and Jose Ramiro Coronado Reyes have been charged for roles in creating and promoting Forcount Trader Systems, Inc. This alleged scam raised more than $8.4 million from hundreds of retail investors.


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