🚨 Scanlm confirmed
$13M Crypto Ponzi Scheme — Guilty Plea Confirmed! ⚖️💰
Vincent Anthony Mazzotta Jr. has pleaded guilty to laundering millions in a fake AI-powered crypto bot scam!
Here’s how it went down: 👇
🔍 What he did:
Ran fake firms like Mind Capital & Cloud9Capital
Claimed they used AI trading bots
Created a fake U.S. agency: “Federal Crypto Reserve” 🤯
Tricked investors into paying “investigation fees”
Laundered funds through crypto mixers 🌀
Blew the cash on jets, mansions, chefs & security
👨⚖️ Charges:
Money laundering
Conspiracy to obstruct justice
⚠️ Faces up to 15 years in prison
🎭 Co-conspirators:
David Saffron a.k.a. “Bitcoin Yoda” (Trial: Sept 16)
David Kagel sentenced to 5 years' probation & $13.9M restitution
💬 IRS Agent: "Using fake U.S. agencies to scam people brings real federal heat."
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💡 Reminder: If it sounds too good to be true—especially with “AI bots” or fake government names—it probably is. Stay alert in crypto.
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#CryptoScamHelp #ponzischeme #CryptoNewsFlash #MoneyLaundering #BlockchainFraud