Following conclusion of their iComTech trial on March 14th, a jury took just three hours to unanimously find David Brend and Gustavo Rodriguez guilty of conspiracy to commit wire fraud.

iComTech was an MLM crypto Ponzi that launched back in 2018. Investors were pitched on up to 2.8% a day, paid from subsequently invested funds.

In late 2022 the DOJ moved against iComTech insiders, arresting founder David Carmona and four accomplices.

Following their respective verdicts, both Rodriguez and Brend (right) moved for a mistrial.

The court tossed the motion on March 15th, finding there was “no reason” to warrant a new trial.

Rodriguez and Brend, also a promoter of the collapse BitClub Network Ponzi scheme, are scheduled to be sentenced on June 28th and June 27th respectively.


Update 16th April 2024 – Due to a granted extension to file a post-verdict motion, David Brend’s sentencing has been pushed back to July 11th.