IcomTech
A purported crypto mining/trading company (founded ~2018) that the U.S. DOJ says was a Ponzi scheme promising guaranteed daily returns. Founder David Carmona was sentenced in 2024 to 121 months (~10 years) and ordered to forfeit ~$3.6M.
Also known as: IcomTech, David Carmona
Summary
IcomTech, founded around 2018, claimed to be a cryptocurrency mining and trading company promising guaranteed daily returns and doubling investors' money within six months. The U.S. DOJ says it was a Ponzi scheme that conducted no real mining or trading, used new investors' funds to pay earlier ones, targeted many Spanish-speaking victims, and collapsed around the end of 2019. [1][2]
Outcome
Founder David Carmona pleaded guilty to conspiracy to commit wire fraud and was sentenced in October 2024 to 121 months in prison (about 10 years), three years of supervised release, and ordered to forfeit about $3.6 million. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Sources (2)
See also
World Liberty Financial (WLFI) — Justin Sun token freezeProjectsWLFI, a DeFi project linked to Donald Trump and his family, blacklisted/froze the wallet of major investor Justin Sun in Sept 2025 — ~540–595M unlocked WLFI tokens (~$107M) plus ~2.4B locked. Sun sued, alleging an undisclosed admin 'blacklist backdoor'; WLFI denied it and threatened a countersuit. The dispute is ongoing.
Gala Games exploitTokensOn May 20, 2024 an attacker abused a privileged minter account on the GALA token contract to mint 5 billion GALA (≈$200M+ nominal) and dumped ~600M of them for ~$22M of ETH before Gala froze the address. Gala Games called it an internal access-control failure; the attacker later returned the ~$22M.
This page was last updated on Jun 15, 2026. View revision history.
