Judge Jennifer Rochon ordered Marco Ochoa to forfeiture of $914,000 and surrender to authorities by March 19.
Marco Ochoa, the former CEO of crypto mining firm IcomTech, has been sentenced to five years in prison following a guilty plea for conspiracy to commit wire fraud.
According to a Jan. 19 filing in the United States District Court for the Southern District of New York, Judge Jennifer Rochon ordered Ochoa to forfeit $914,000 and voluntarily surrender to serve his 60-month sentence, beginning on March 19. He will have two years of supervised release.
In September, Ochoa pleaded guilty to one count of conspiracy to commit wire fraud related to a crypto-based Ponzi scheme at IcomTech. He was CEO of the mining firm from 2018 to 2019.
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Source: https://cointelegraph.com/news/icomtech-ceo-sentenced-wire-fraud