The U.S. Department of Justice announced on October 15 that Juan Tacuri, a senior promoter of the Forcount Ponzi scheme, which was later rebranded as Weltsys, was sentenced to 20 years in prison.
Tacuri was also ordered to pay $3,610,718 in restitution and will serve one year of supervised release following his prison term, according to the Southern District of New York’s announcement.
Prosecutors revealed that Tacuri’s fraudulent scheme targeted victims worldwide, focusing primarily on Spanish-speaking communities. U.S. District Judge Analisa Torres handed down the maximum statutory sentence of 240 months. After the sentencing, U.S. Attorney Damian Williams commented:
“Juan Tacuri may have claimed to be involved in cutting-edge cryptocurrency investing, but, in reality, he was running one of the oldest tricks in the book — a Ponzi Scheme.” Williams emphasized that the maximum sentence was a “stark reminder that, in the long run, fraud does not pay.”
According to the Department of Justice, Tacuri and others promoted Forcount as a crypto mining and trading company, luring victims with promises of substantial returns. Victims were assured that their investments would double within six months. In reality, there was no legitimate business behind Forcount, and the money collected from victims was used by promoters to fund lavish lifestyles, including luxury goods and real estate.
Tacuri and other promoters hosted extravagant events across the U.S. to attract more investors. Reports of issues with withdrawals began as early as 2018, and by 2021, the scam’s operators had stopped responding to complaints. In 2022, U.S. prosecutors unsealed charges against Forcount’s founder, Francisley da Silva.
In June 2024, Tacuri pleaded guilty to wire fraud and conspiracy. A month later, two additional promoters, Antonia Perez Hernandez and Nestor Nunez, also pleaded guilty to wire fraud and conspiracy.
Beast Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Beast Musk (MUSKBEAS), a new Solana memecoin that was launched today, is set to explode over 16,000% in price in the coming days.
This is because MUSKBEAS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Beast Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Beast Musk could become the next viral memecoin.
Beast Musk launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Beast Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Beast Musk by entering its contract address – 14te4wEuZa3rjDmoToGhDcfK578aLhstb23SoGKWVw7b – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MUSKBEAS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Trump Satoshi could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Satoshi (TRUMPSAT), a new Solana memecoin that was launched today, is set to explode over 14,000% in price in the coming days.
This is because TRUMPSAT is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Satoshi can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Satoshi could become the next viral memecoin.
Trump Satoshi launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Satoshi on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Satoshi by entering its contract address – H4migqCcpVVeDzB9ALKL5obvDRMNS8tJhAcLMejoqRNY – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPSAT.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Pepe Diddy could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe Diddy (PEPEDIDD), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days.
This is because PEPEDIDD is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Pepe Diddy can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Pepe Diddy could become the next viral memecoin.
Pepe Diddy launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe Diddy on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Diddy by entering its contract address – 9NEBKAp5KC7gGkfwB6Nj8KzpkguML7kQpzhBXLB8fEYk – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEDIDD.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Bitcoin (BTC) hovered around $68,000 on October 16 after reaching new 11-week highs as the Wall Street session began.
Data from Cointelegraph Markets Pro and TradingView showed Bitcoin’s price surge continuing, surpassing the previous day’s peak, which was driven by leveraged trades.
While volatility was apparent, popular trader and analyst Skew cautioned about potential market manipulation. “Very active spoofing going on here today,” he noted on X regarding the Binance spot market. He pointed out that a gap of 1% to 2.5% between ask and bid liquidity could lead to volatility in the absence of passive flows.
Skew also warned that if BTC fell below $67,000, it could trigger a liquidation cascade for late-long positions in the derivatives market.
Meanwhile, most of the buying pressure came from spot buyers on Binance and Bitfinex, particularly around the Wall Street open, mirroring the prior day’s activity.
Monitoring resource Material Indicators observed increased exposure among both large and small investors. “FireCharts binned CVD once again shows all order classes buying Bitcoin,” the platform shared with its X followers, noting that bid liquidity was stacking above $66,000, with $70,000 in sight.
Some traders were confident that sellers would capitulate, marking the return of a bull market. Crypto trader and analyst Michaël van de Poppe predicted that Bitcoin would hit a new all-time high within the next few weeks, stating, “The trend has switched… likely $90K before EOY.”
Interestingly, BTC gained alongside the U.S. dollar, breaking their usual inverse correlation. The U.S. Dollar Index (DXY) climbed to 103.45, its highest level since August 8, a day when Bitcoin also saw a major upside of nearly 12%.
Beast Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Beast Musk (MUSKBEAS), a new Solana memecoin that was launched today, is set to explode over 16,000% in price in the coming days.
This is because MUSKBEAS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Beast Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Beast Musk could become the next viral memecoin.
Beast Musk launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Beast Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Beast Musk by entering its contract address – 14te4wEuZa3rjDmoToGhDcfK578aLhstb23SoGKWVw7b – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MUSKBEAS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Trump Satoshi could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Satoshi (TRUMPSAT), a new Solana memecoin that was launched today, is set to explode over 14,000% in price in the coming days.
This is because TRUMPSAT is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Satoshi can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Satoshi could become the next viral memecoin.
Trump Satoshi launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Satoshi on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Satoshi by entering its contract address – H4migqCcpVVeDzB9ALKL5obvDRMNS8tJhAcLMejoqRNY – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPSAT.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Fund issuer Stacked (STKD) has launched a new exchange-traded fund (ETF) that provides leveraged exposure to both Bitcoin (BTC) and gold, capitalizing on the growing “debasement trade” trend ahead of the U.S. presidential elections in November.
In an announcement on October 16, STKD introduced the Bitcoin & Gold ETF (BTGD), designed to offer investors exposure to “two scarcity assets that may protect against future inflation and currency debasement.” The actively managed ETF aims to allocate $1 to Bitcoin and $1 to gold for every $1 invested, utilizing a mix of ETFs and futures contracts linked to the prices of BTC and gold.
Futures contracts are standardized agreements to buy or sell an asset at a specified date in the future, providing investors with exposure without directly holding the underlying asset.
According to an October 3 report by JPMorgan, investors are turning to both Bitcoin and gold as they brace for potential economic instability fueled by rising geopolitical tensions and the upcoming U.S. elections. JPMorgan’s report, shared with Cointelegraph, suggests that these factors reinforce the “debasement trade,” where demand for assets like gold and Bitcoin spikes due to fears of inflation, geopolitical uncertainty, and persistent government deficits.
The “debasement trade” refers to the growing demand for assets that are perceived to protect against inflation and the devaluation of fiat currencies.
A Strategic Blend of Bitcoin and Gold
STKD emphasized that while debates often pit Bitcoin against gold, the two assets together can serve as a strategic combination for investors seeking both capital appreciation and portfolio hedging.
The launch of STKD’s ETF comes as a wave of proposed cryptocurrency-related ETFs are emerging ahead of the U.S. presidential election. Asset manager Canary Capital has also announced plans for ETFs focused on XRP and Litecoin, while Bitwise plans to launch an XRP ETF. Additionally, leveraged MicroStrategy ETFs reached $400 million in net assets, driven by retail investor interest in volatile Bitcoin investments, according to Bloomberg Intelligence.
Leveraged ETFs carry additional risk and may underperform due to the costs associated with daily rebalancing to maintain their leverage targets.
Beast Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Beast Musk (MUSKBEAS), a new Solana memecoin that was launched today, is set to explode over 16,000% in price in the coming days.
This is because MUSKBEAS is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Beast Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Beast Musk could become the next viral memecoin.
Beast Musk launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Beast Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Beast Musk by entering its contract address – 14te4wEuZa3rjDmoToGhDcfK578aLhstb23SoGKWVw7b – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MUSKBEAS.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
Trump Satoshi could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Trump Satoshi (TRUMPSAT), a new Solana memecoin that was launched today, is set to explode over 14,000% in price in the coming days.
This is because TRUMPSAT is set to soon be listed on numerous crypto exchanges, according to reports.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Trump Satoshi can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Trump Satoshi could become the next viral memecoin.
Trump Satoshi launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump Satoshi on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Satoshi by entering its contract address – H4migqCcpVVeDzB9ALKL5obvDRMNS8tJhAcLMejoqRNY – in the receiving field.
If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPSAT.
Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.