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Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme

According to a statement from the United States Justice Department, IcomTech promised investors daily returns on investment products offered by the company, which purported to be a crypto mining and trading company. Promoters “hosted lavish expos” and other community events around the world to attract customers. The company also issued its own token, called an Icom.

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Source: Cryptocurrency - investing.com

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