The judge ordered David Brend to report to a federal prison in Florida by Dec. 16 to serve his 120-month sentence.
David Brend, convicted of conspiracy to commit wire fraud for promoting cryptocurrency mining and trading firm IcomTech, has been sentenced to 10 years in prison.
In a Dec. 2 hearing in the United States District Court for the Southern District of New York, Judge Jennifer Rochon ordered Brend to serve 120 months at the Federal Prison Camp in Pensacola, Florida. He is expected to pay $40,000 in forfeiture and surrender to prison authorities on Dec. 16.
Brend’s sentencing came roughly a month after Judge Rochon ordered his fellow IcomTech promoter, Gustavo Rodriguez, to serve eight years in prison. The judge suggested the harsh sentence was intended to deter “crypto frauds.”
