Arizona Mann bekennt sich schuldig im 13 -Millionen -Dollar -Krypto -Ponzi -Programm, dem bis zu 15 Jahre vorhanden ist

tldr; Vincent Anthony Mazzotta Jr., an Arizona man, pleaded guilty to money laundering and conspiracy to obstruct justice in a $13 million crypto Ponzi scheme. From 2017 to 2023, Mazzotta and co-defendant David Gilbert Saffron falsely claimed to use AI-powered trading bots for high returns, targeting victims through companies like Mind Capital. They spent investor funds on luxury items and created a fake entity, the Federal Crypto Reserve, to exploit victims further. Mazzotta faces up to 15 years in prison, with sentencing set for December 15.

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