Following negotiation with the DOJ, iComTech founder David Carmona has been ordered to pay $789,218 in restitution. A separate order has also set iComTech forfeiture at $3.7 million.

On January 28th the Southern District of New York court ordered Carmona pay $789,218.94 in restitution to iComTech victims.

iComTech
was an MLM crypto Ponzi that launched in 2018. Following his
arrest
in 2022, Carmona
pled guilty to one count of conspiracy to commit wire fraud
in January 2024.

In October 2024, Carmona was
sentenced to ten years in prison
.

Carmona’s iComTech restitution order sees him being held jointly liable with co-conspirators Marco Ochoa, Moses Valdez, Juan Arellano, David Brend and Gustavo Rodriguez.

David Brend was
sentenced to ten years in prison
in December 2023

Gustavo Rodriguez was
sentenced to eight years in prison
in November 2024

Marco Ruiz-Ochoa was
sentenced to five years in prison
in January 2024

Moses Valdez’s and Juan Arellano’s status remains unclear following their respective arrests.

Separate proposed restitution orders for David Brend and Gustavo Rodriguez were filed on January 29th.

The court has given Brend and Rodriguez till February 10th to file a response, after which an determination order will be issued.

In parallel iComTech civil fraud proceedings, the CFTC
secured default judgment against Carmona and his accomplices
in November 2024.

As per the terms of the judgment, $1.09 million is to be paid in restitution plus a $1 million civil money penalty.

🤖 Quick Answer

What restitution and forfeiture amounts were ordered against David Carmona in the iComTech case?
In January 2025, the Southern District of New York ordered iComTech founder David Carmona to pay $789,218.94 in restitution to victims of the MLM crypto Ponzi scheme. A separate forfeiture order established $3.7 million in asset forfeiture related to the iComTech fraud operation.

What criminal charges and sentence did David Carmona receive for his role in iComTech?
David Carmona was arrested in 2022 and pleaded guilty to one count of conspiracy to commit wire fraud in January 2024. In October 2024, he was sentenced to ten years in federal prison by the Southern District of New York for operating the iComTech Ponzi scheme.

**What was iComTech and when

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