đš Scanlm confirmed
$13M Crypto Ponzi Scheme â Guilty Plea Confirmed! âïžđ°
Vincent Anthony Mazzotta Jr. has pleaded guilty to laundering millions in a fake AI-powered crypto bot scam!
Hereâs how it went down: đ
đ What he did:
Ran fake firms like Mind Capital & Cloud9Capital
Claimed they used AI trading bots
Created a fake U.S. agency: âFederal Crypto Reserveâ đ€Ż
Tricked investors into paying âinvestigation feesâ
Laundered funds through crypto mixers đ
Blew the cash on jets, mansions, chefs & security
đšââïž Charges:
Money laundering
Conspiracy to obstruct justice
â ïž Faces up to 15 years in prison
đ Co-conspirators:
David Saffron a.k.a. âBitcoin Yodaâ (Trial: Sept 16)
David Kagel sentenced to 5 years' probation & $13.9M restitution
đŹ IRS Agent: "Using fake U.S. agencies to scam people brings real federal heat."
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đĄ Reminder: If it sounds too good to be trueâespecially with âAI botsâ or fake government namesâit probably is. Stay alert in crypto.
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#CryptoScamHelp #ponzischeme #CryptoNewsFlash #MoneyLaundering #BlockchainFraud