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After being interested in the allegations, an Arizona man has now convicted the victims of $ 13 million through a crypto scheme including fake AI trading bots and a Fictiticou Faunce Agency.
Summary
- Vincent Majota convicted about two years after being put in the $ 13M Crypto Ponzi scheme.
- The scheme used fake AI trading bots and a fecstic agency, which is called “Federal Crypto Reserve” to cheat the victims.
- He faces a 15 -year jail for a conspiracy to obstruct money laundering and justice.
Vincent Anthony Maggotta Junior, who has been acquired to run several fraudulent investment platforms under mistake identity, awakening sensing for a plot of money laundering and obstruct. The Department of Justice said in a press release on a fare, the Department of Justice said.
Who is Vincentant Mazota, and what he did?
Mazzotta, also known by surnames, includes “Vincent Midnight,” Delta Prime, “and” Director Winchenso “, who were admitted to court to play a central role in a multi-year sheer scair scheme, which cheat investors with high returns through AI-Poward Cripto Trading Bots.
Prosecutors said they operated companies such as Mind Capital and Cloud9capital, which climbed to use automatic trading tools to generate short-term, high-yeld profits.
To invest money, Majota and their co-prosecutors misuse money for personal luxury, private jet flights, Upskale Hotel Styles, Haveli to hire and hire private safety.
For court documents, he looted the stolen funds through a crypto mixer to obscure the money trail.
Cheating in game
After running the plan for many years, the firms of Mazzotta eventually fell, leaving the victims without access to their funds and did not clarify from the operators. As complaints increased and the platforms disappeared without notice, investors started seeking answers.
In an attempt to regain the investor Trust after the disappearance of the initial companies, Mazzotta helped create a factual government unit called “Federal Crypto Reserve” (FCR).
He and his co-subjected, David Saffron accused the victims of additional fees on the pretext of hiring FCR to investigate the disappearance of their funds. This second layer of individuals of persons defaming in the initial plan.
When the authorities indicated saffron in 2022, Maggeota worked with anonymous co-speculators to obstruct the federal investigation.
He destroyed an iPad related to the plan, tampered with documents, and to hide his rule in the operation, disturbed the business record related to his firm, runway beauty investment. Officials said these tasks for the cruel of the blockage count.
In December 2023, Majota was formally charged in an uncontrolled prosecution as part of the DOJ’s extended case against Saffron and was requested not to be intentionally guilty, but now a count of money laundering and admitted to a count of conspiracy for Justices.
He faces up to 15 years in the federal prison – 10 years for laundering charge and 5 years for blockage. A judge will result in a result of his senses at the later date based on the federal guidelines.
Scammer gets 97 months for $ 40m Ponzi
In June 2025, authorities lodged Dwayne Golden in a 97 -month prison, which was in jail for cheating $ 40 million using Sham Crypto investment platforms such as Emkrypto and EcoinPlus. Golden and his co-dandens promised guaranteed returns, but the new investor funds first motivated the participants to pay and enrich themselves.
Golden and his colleagues also tried to obstruct justice by destroying evidence and presenting false information to federal investigators. The court ordered Golden for over $ 2.4 million, with recovered legs. In that case, many co-scripts are still waiting for semining.
Federal agencies have increased the crypto fraud enforcement in recent months. Apart from Ponzi cases, DOJ has also taken action.
