Forcount founder Francisley Valdevino Da Silva (aka Francis Silva), has been sued by the SEC.

The SEC has also filed civil fraud charges against three US-based promoters.

Francis Da Silva
(right), refers to himself as the “Cryptocurrency Sheik” and “boss of the pyramid scammers”.

Da Silva, a Brazilian national, is the founder of Forcount and other MLM crypto Ponzis.

Presumably upon learning he was under investigation, Da Silva fled the US for Brazil in January 2022.

As part of an investigation into an $800 million Ponzi empire, Da Silva was arrested by Brazilian authorities on November 3rd.

Juan Antonio Tacuri Fajardo
is a top Forcount promoter and resident of Florida. Fajardo was arrested by US authorities on December 14th, 2022.

Both Da Silva and Tacuri have been
indicted in parallel criminal charges
pertaining to Forcount.

Ramon Antonio Perez Arias
and
Jose Ramiro Coronado Reyes
dodged criminal charges, but have been sued by the SEC as top Forcount promoters.

Both Perez and Reyes are residents of Florida and shared a top Forcount investor account.

In their
December 14th filed complaint
, the SEC identifies Forcount as “a fake crypto asset trading and mining company.”

Forcount claimed that investments through Forcount would result in returns from “daily trade through our calibrated robots to generate daily earns!”

Forcount also claimed investors would receive returns from Forcount’s use of “intelligent mining system” with “10,000 machines” that “automatically mine” such crypto assets.

Despite Defendants promises of returns based on Forcount’s trading and mining, as well as the referral program, Forcount had no real source of revenue other than funds received from investors.

Forcount’s website displayed fictitious returns based on the specified amounts and types of crypto assets that investors appeared to hold in their Forcount accounts.

Defendants had no basis for the promised returns, and funds received from later investors were used to make Ponzi-type payments to

earlier investors.

This confirms BehindMLM’s
Forcount review
, published in May 2018.

In addition to being a Ponzi scheme, the MLM side of Forcount operated as a pyramid scheme.

Forcount did not sell any real product or service to retail customers during the relevant time period, and had no apparent source of revenue other than funds received from investors.

Defendants aggressively pushed investors to participate in the referral program and to solicit family and friends to invest.

Defendants promised investors that they would earn more from the referral program than they did from their membership “returns.”

Although not covered in our review, Da Silva hid his involvement in Forcount through a Boris CEO.

“Salvador Molina” was played by Spanish actor Nestor Nunez.

The SEC cites Nunez as an older, more mature looking actor who lived in Spain”.

Despite being presented as Forcount’s CEO, Molina “had no control over Forcount, and no relevant crypto asset e

🤖 Quick Answer

Who is Francisley Valdevino Da Silva and what are the charges against him?
Francisley Valdevino Da Silva, a Brazilian national also known as Francis Silva, is the founder of Forcount and multiple MLM cryptocurrency Ponzi schemes. The SEC has filed civil fraud charges against him as part of an investigation into an $800 million Ponzi operation. Da Silva fled to Brazil in January 2022 and was arrested by Brazilian authorities in November 2022.

What role did Juan Antonio Tacuri Fajardo play in Forcount?
Juan Antonio Tacuri Fajardo served as a top promoter for Forcount and was a Florida resident. He was arrested by US authorities on December 14th, 2022, as part of the SEC's investigation into the cryptocurrency Ponzi scheme operated through the platform.

**What legal actions has the SEC taken regarding

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