ForCount’s Nestor Nunez has been sentenced to four years in prison.
At the conclusion of his sentence, Nunez will additionally be subject to an additional year of supervised release.
Forcount
was an MLM crypto Ponzi scheme launched in late 2017.
Nunez played ForCounts’ Boris CEO (i.e. a fictional executive), Salvador Molina.
After ForCount collapsed Nunez came clean on social media:
Nunez, then residing in Spain, was
indicted
under seal in 2022.
Nunez was arrested in Spain in December 2022 and
extradited to the US
in April 2023.
Once in the US, Nunez
pled guilty to conspiracy to commit wire fraud
in August 2024.
Forcount was part of a larger $800 million Ponzi empire run by Francisley Valdevino Da Silva (aka Francis Silva, right).
During his run as an MLM crypto Ponzi admin, Silva referred to himself as the “Cryptocurrency Sheik” and “boss of the pyramid scammers”.
Silva was arrested in Brazil in 2022 around the time of his indictment. There have been no updates on Silva’s status since.
Forcount co-defendants
Antonia Hernandez
and
Juan Tacuri
(both promoters), pled guilty.
Tacuri was
sentenced to 20 years in prison
last month. Hernandez is scheduled for sentencing on January 27th, 2025.
🤖 Quick Answer
Who is Nestor Nunez in relation to the ForCount Ponzi scheme?Nestor Nunez was a key figure in ForCount, a multilevel marketing crypto Ponzi scheme launched in late 2017. He portrayed the fictitious executive "Salvador Molina," serving as the scheme's so-called Boris CEO. After ForCount collapsed, Nunez publicly admitted his role through social media disclosures.
What sentence did Nestor Nunez receive for his involvement in ForCount?
Nestor Nunez was sentenced to four years in federal prison for conspiracy to commit wire fraud related to the ForCount scheme. Upon completion of his prison term, he will additionally serve one year of supervised release under federal oversight.
How was Nestor Nunez apprehended and prosecuted?
Nunez, residing in Spain, was indicted under seal in 2022 by
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