2nd Circ. Backs $58M IcomTech Ponzi Convictions, Sentences

By Gina Kim ( April 15, 2026, 6:10 PM EDT) -- The Second Circuit upheld convictions and judgments for defendants behind a $58 million IcomTech cryptocurrency Ponzi scheme after rejecting their arguments that there's no evidence they knew it was a fraud, ruling Wednesday "sufficient red flags existed" for the lower court to properly provide a "conscious avoidance" jury instruction....

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