iComTech promoter Marco Ruiz Ochoa has been sentenced to five years in prison.

As per Ochoa’s January 19th judgment, in addition to his prison sentence he’s up for $914,000 in forfeiture and “any and all property” connected to iComTech.

Further restitution has been deferred till April 3rd, 2024.

iComTech
was an MLM Ponzi pitching daily returns of up to 2.8%. The scam, primarily pitched to Spanish-speaking communities across the US and Latin America, collapsed in 2019.

Ochoa (right), along with iComTech founder David Carmona and four other promoters, were
indicted
in October 2022.

Ochoa
pled guilty
to iComTech related fraud charges last September.

David Carmona has
also pled guilty
, along with Juan Arellano on January 16th.

.

Carmona’s sentencing has yet to be scheduled.

Remaining iComTech promoter defendants Moses Valdez, Juan Arellano, David Brend and Gustavo Rodriguez are scheduled to face trial on February 28th.

Update 17th March 2024 – 
David Brend and Gustavo Rodriguez have been
found guilty
.

Update 12th December 2024 – 
Marco Ochoa has
settled with the CFTC
for the same jointly liable $1.09 million amount.

🤖 Quick Answer

What was iComTech and how did it operate?
iComTech was a multilevel marketing scheme operating as a Ponzi fraud, offering daily returns up to 2.8%. Primarily targeting Spanish-speaking communities throughout the United States and Latin America, the company promised unsustainable profits before collapsing in 2019.

Who is Marco Ochoa and what was his role?
Marco Ruiz Ochoa served as a promoter for iComTech. Indicted in October 2022 alongside founder David Carmona and four additional promoters, Ochoa pleaded guilty to fraud-related charges in September 2023.

What sentence did Ochoa receive?
On January 19th, Ochoa was sentenced to five years in prison. Additionally, he faces $914,000 in asset forfeiture and confiscation of all property connected to i

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