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Francisley Valdevino Da Silva, also known as Francis Silva, started the Forcount Ponzi scheme. He has been charged in the US and jailed in Brazil.

Two top people in the US who promoted the Forcount Ponzi scheme have also been charged.

Forcount was an MLM crypto Ponzi scheme that started up at the end of 2017. It was a relaunch of the Cointherum Ponzi scheme, which failed.

Forcount investors put money into litecoin and ethereum because they were promised a daily return of 0.01% to 3%.

Forcount’s daily ROI was made possible by mining and trading cryptocurrency.

As the DOJ has said and BehindMLM’s 2018 ForCount review has confirmed;

It was a Ponzi scheme or a pyramid scheme. Forcount did not buy and sell cryptocurrency or mine it.

Instead, the defendants used victim funds to pay other victims, spread the word about the Forcount Scheme so that it could pay more victims, and spend money on themselves.

Some victims got small payments from Forcount, but most lost all of their investments, which were often worth thousands or even tens of thousands of dollars.

BehindMLM knows that victims in Florida complained about Forcount, which led US authorities to start looking into it.

Francis Silva, who started Forcount, called himself the “Cryptocurrency Sheik” and the “boss of the pyramid scammers.”

Like every other MLM Ponzi scheme, Silva, Tacuri, and Hernandez got most of the money that people put into the scheme.

Silva and Tacuri took out tens of thousands of dollars in cash from victims’ accounts and spent it on things like event venues and travel that seemed to promote Forcount, real estate and luxury goods that seemed to be for their own use, and other things that didn’t seem to fit with running a legitimate cryptocurrency trading and mining business.

Money that was put into Forcount was cleaned up by setting up bank accounts through shell companies. These include International Club LLC, Malaga E-Commerce LLC, and JT Florida Cleaners LLC, all of which were set up in Florida.

Investors were told to mark their investments as purchases of cell phones and software in order to avoid any red flags from regulators.

Tacuri (on the right) used JT Florida Cleaners to steal at least $181,000 from Forcount investors.

Tacuri bought real estate and high-end items with the money.

In the middle of 2019, Forcount began to fall apart. This led to an exit scam using shitcoins.

Investors in Forcount were told that MindexCoin

Once it was accepted as a way to pay for goods and services, it would eventually be worth about $1 or more.

In reality, Mindexcoin were basically worthless, and some Forcount promoters were arbitraging Mindexcoin by buying it for much less on external exchanges and then selling it to victims at a huge markup.

In our review of Weltsys, BehindMLM talked about MindexCoin. Francis Silva is blamed for a third Ponzi scheme called Weltsys. This time, it was set up through a Hong Kong shell company.

Things were getting bad by January 2020. At a Chicago event to promote Forcount/Weltsys, an investor

stood up and started to talk about having trouble with withdrawal. In response, Hernandez tried to get the investor kicked out of the event by having hotel security do it.

One of the people there took video of the fight and put it on YouTube. When the man was kicked out of the venue, investors cheered and clapped.

Early in 2021, Forcount/Weltsys officially fell apart.

As stated in their sealed superseding indictment from December 6;

Francisley Da Silva and Juan Tacuri have been charged with money laundering conspiracy, wire fraud conspiracy, and wire fraud conspiracy.
Antonia Perez Hernandez has been accused of plotting to commit wire fraud, actually committing wire fraud, and making false statements.
If found guilty, Da Silva and Tacuri could spend up to 60 years in prison. Hernandez could go to prison for 45 years.

On December 14, Juan Tacuri was picked up by police in Florida.

US Border Protection stopped and held Antonia Hernandez “as she was coming back from Mexico” as part of their investigation.

Agents who have… From the Southern District of New York, Homeland Security Investigations talked to Hernandez over the phone.

During the interview, Hernandez lied and said he wasn’t a Forcount promoter, wasn’t looking for investors, didn’t take money from investors, and didn’t know Juan Tacuri. besides seeing them at Forcount events from afar.

Hernandez also lied when she said that she hadn’t done anything related to cryptocurrency since August 2017 and didn’t know what the word “binary” meant.

Hernandez remains at large. I think she would have been arrested with Tacuri if she was still in the US.

It’s not clear if Hernandez went to Mexico or somewhere else when he ran away.

Around November 3rd, Francis Da Silva was arrested in Brazil. Da Silva’s arrest pertains to a larger $800 million Ponzi empire.

Even though Da Silva isn’t named, a press release from ICE in October 2022 gives more information leading up to his arrest.

The Brazilian Federal Police, the U.S. Homeland Security Investigations (HSI), and other law enforcement agencies worked together to break up a cryptocurrency fraud ring based in Curitiba, Brazil, on Oct. 6.

As part of Operation Poyais, the Brazilian Federal Police carried out 20 search and seizure warrants in the Brazilian states of Parana, Santa Catarina, Sao Paulo, and Rio de Janeiro for breaking a number of laws.

Some of the violations are international money laundering, running a criminal enterprise, fraud, and crimes against the national financial system.

The warrants are the result of a multi-year police investigation into a global cryptocurrency fraud ring led by a Brazilian national who used to live in the U.S. He is 37 years old.

The U.S. investigation found that the group lied to investors in more than a dozen countries by saying they had made fully functional, cutting-edge financial products related to cryptocurrencies.

In reality, the group is thought to have advertised fake partnerships and licenses that were used to trick people into putting millions of dollars into cryptocurrencies that the suspects made. In the end, the cryptocurrencies were worth little or nothing.

After the leader of the international criminal group moved from the U.S. to Brazil in January 2022, HSI agents at the U.S. Embassy in Brasilia, Brazil, asked the Brazilian Federal Police for help in coordinating investigations in both countries.

In a follow-up investigation, Brazilian authorities found that similar illegal activities were going on in Brazil. It is estimated that 4 billion Brazilian Reais, or about $800 million, were moved through the Brazilian banking system alone, in addition to the illegal profits that were moved through cryptocurrency.

Da Silva is a Brazilian citizen, which means that he can’t be sent to the US.

At the time this was written, the criminal case against Forcount had not yet been put on Pacer. I think it will show up within the next 24 hours. After that, I’ll be able to give you more information.

The SEC has filed a civil fraud case against Da Silva, Tacuri, and two other Forcount promoters, in addition to criminal charges.

The SEC says Forcount has lost more than $8.4 million.

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