iComTech Ponzi promoter David Brend has been sentenced to ten years in prison.

Brend’s sentence was handed down on December 2nd, following a
guilty verdict
in March 2024.

Following Brend’s sentence, he will further be subject to three years of supervised release.

On the money side of things, Brend (right) will pay a $40,000 civil monetary penalty. Restitution has also been ordered, to be determined at a later date.

The DOJ has put forth a proposed $195,305 forfeiture amount, which Brend has opposed.

Brend also filed an appeal against his prison sentence on December 12th.

iComTech
 was an MLM crypto Ponzi that collapsed in mid to late 2019.

Following their respective indictments, iComTech founder David Carmona, Rodriguez and four other iComTech defendants were 
arrested
 in 2022.

David Carmona (guilty plea), was
sentenced to ten years in prison
 in October 2024

Marco Ruiz-Ochoa (guilty plea), was
sentenced to five years in prison
 in January 2024

Gustavo Rodriguez (guilty verdict), was
sentenced to eight years in prison
in November 2024

Moses Valdez’s status is unclear, there have been four sealed filings on his docket since April 30th, 2024

Juan Arellano (guilty plea), was scheduled for sentencing on September 17th but his current status is also unclear (also four sealed filings since April 30th, 2024)

In addition to criminal charges, the CFTC also filed 
civil iComTech related fraud charges
in May 2023. The CFTC
secured a $1.09 million default judgment
in November 2024.

Update 12th February 2025 – 
David Brend has been
ordered to pay $195,305 in restitution
.

Update 19th March 2025 – 
A February 28th amended judgment has attached $789,218 in joint restitution to David Brend sentence.

Brend is jointly liable for the restitution amount with co-defendants David Carmona and Gustavo Rodriguez.

Brend updated his previously filed appeal against the amended judgment on March 14th.

🤖 Quick Answer

What sentence did iComTech promoter David Brend receive?
David Brend, a promoter of the iComTech crypto Ponzi scheme, was sentenced to ten years in federal prison on December 2, 2024, following a guilty verdict in March 2024. He also faces three years of supervised release, a $40,000 civil monetary penalty, and restitution to be determined at a later date.

What was iComTech and when did it collapse?
iComTech was a multilevel marketing cryptocurrency Ponzi scheme that collapsed in mid to late 2019. Its founder, David Carmona, along with David Brend, Marco Rodriguez, and four other defendants, were subsequently indicted and arrested in 2022 by the U.S. Department of Justice.

Has David Brend appealed his prison sentence?
Yes, David Br

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