Major player convicted in $ 13m Crypto Ponzi

A major player

The US Department of Justice said on Monday that Vincent Anthony Magotta Junior accepted his role in cheating investors by promising high yields made through factual investment investment firms, using the AI-managed Crypto Trading Bot.

Mazzotta please guilty of doing justice for money laundering and conspiracy, which takes a maximum fine of 15 years in jail. A judge has come to determine the sensation.

The Department of Justice first convicted Mazota in an agency’s current case against its alloped co-conspirator David Saffron in the end of 2023. Saffron has requested not to be guilty.

David Cagel was also charged with regard to the plan and was sent for five years of probation in October and ordered to pay the restoration of more than $ 13.9 million.

Mazzotta used fake government agency: Doj

Doj said Mazotta used firms including Mind Capital and Cloud 9 Cipital to run the scheme and work with millions in investor funds.

It said that Majota then helped the Fake Government Agency Agency call the agency to call the Federal Crypto Reserve and accused thousands of people under the guise of examining their firms, who had “rejected the investment of the victims.”

Special agent in charge of IRS Los Angle Field Office, Tyler Hachcher said that using “fake using fake using” fake using “using” fake using “, it attracted” investigation of real federal officers “.

The money of the victims used to fuel the magnificent lifestyle

The Department of Justice said in its original prosecution that between December 2017 and July 2023, the deposits of users for companies were looted through a crypto mixer and then spent on a run of Luxuri. Items such as private charited jet flights, luxury hotel housing, private mansion rent, a personal chef and private security guards.