David Carmona
Founder of IcomTech, a purported crypto mining and trading company that the DOJ called a Ponzi scheme. He was convicted of wire-fraud conspiracy and sentenced in 2024 to 121 months (about 10 years) in prison.
Also known as: David Carmona
Bio
David Carmona founded IcomTech around 2018, marketing it as a cryptocurrency mining and trading company that promised guaranteed daily returns and a doubling of investors' money within six months. According to the SDNY, IcomTech did no real mining or trading and used new investor money to pay earlier investors and enrich its promoters, targeting many Spanish-speaking victims. [1][2]
Legal outcome
Carmona pleaded guilty to conspiracy to commit wire fraud. U.S. District Judge Jennifer L. Rochon sentenced him to 121 months in prison plus three years of supervised release, with restitution and forfeiture orders. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
- Founder of Cryptocurrency Ponzi Scheme IcomTech Sentenced to 121 Months in Prison — U.S. ICE / HSI (DOJ)
- U.S. v. David Carmona, et al. (IcomTech) — U.S. DOJ (SDNY)
See also
Luke BelmarIndividualsCryptocurrency influencer Luke Belmar (@lukebelmar on X) became the subject of controversy following allegations related to the promotion of a memecoin. Critics on social media alleged that Belmar used a series of posts referencing a forthcoming cryptocurrency project and a large-scale airdrop to generate interest in a token without explicitly identifying a specific contract address. Belmar published multiple posts discussing an upcoming memecoin, describing plans for what he characterized as a major airdrop and making comparisons to other cryptocurrency projects. Because no contract address was publicly provided, several tokens emerged claiming association with his statements. Critics alleged that this ambiguity enabled speculation around multiple tokens while avoiding a direct endorsement of any particular asset.
Evolved Apes (NFT)ProjectsAn NFT collection launched on OpenSea in September 2021 that promised a fighting game. About a week later its anonymous developer 'Evil Ape' vanished with 798 ETH (~$2.7M). In June 2024 U.S. prosecutors charged three U.K. nationals over the scheme.
This page was last updated on Jun 15, 2026. View revision history.