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CoinOtag 2025-12-19 04:28:30

Senior IcomTech Promoter Sentenced to 71 Months in Multimillion Crypto Ponzi Case

Magdaleno Mendoza, a senior promoter in the IcomTech Ponzi scheme, was sentenced to 71 months in federal prison for defrauding investors out of millions through a fake crypto mining operation. The scheme targeted Spanish-speaking communities with promises of guaranteed returns, collapsing in 2019 after recycling funds like a classic Ponzi. IcomTech Ponzi scheme promoters used [...]

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