Judge Jennifer Rochon ordered the forfeiture of $914,000 and Marco Ochoa to surrender to authorities by March 19.
According to a Jan. 19 filing in United States District Court for the Southern District of New York, Judge Jennifer Rochon ordered the forfeiture of $914,000 and for Ochoa to voluntarily surrender for his 60-month sentence, beginning on March 19. He will have two years of supervised release.
Marco Ochoa, the former CEO of crypto mining firm IcomTech, has been sentenced to five years in prison following a guilty plea for conspiracy to commit wire fraud.
In September, Ochoa pleaded guilty to one count of conspiracy to commit wire fraud related to a crypto-based Ponzi scheme at IcomTech. He was CEO of the mining firm from 2018 to 2019.
