ForCount’s Nestor Nunez has been sentenced to four years in prison.

At the conclusion of his sentence, Nunez will additionally be subject to an additional year of supervised release.

Forcount was an MLM crypto Ponzi scheme launched in late 2017.

Nunez played ForCounts’ Boris CEO (i.e. a fictional executive), Salvador Molina.

After ForCount collapsed Nunez came clean on social media:

Nunez, then residing in Spain, was indicted under seal in 2022.

Nunez was arrested in Spain in December 2022 and extradited to the US in April 2023.

Once in the US, Nunez pled guilty to conspiracy to commit wire fraud in August 2024.

Forcount was part of a larger $800 million Ponzi empire run by Francisley Valdevino Da Silva (aka Francis Silva, right).

During his run as an MLM crypto Ponzi admin, Silva referred to himself as the “Cryptocurrency Sheik” and “boss of the pyramid scammers”.

Silva was arrested in Brazil in 2022 around the time of his indictment. There have been no updates on Silva’s status since.

Forcount co-defendants Antonia Hernandez and Juan Tacuri (both promoters), pled guilty.

Tacuri was sentenced to 20 years in prison last month. Hernandez is scheduled for sentencing on January 27th, 2025.