Key player in $13M crypto Ponzi scheme pleads guilty
Vincent Anthony Mazzotta Jr has pleaded guilty to money laundering and conspiracy to obstruct justice, which together carry a maximum of 15 years in prison.
A major player in a crypto Ponzi scheme that duped victims out of $13 million with claims of using artificial intelligence-powered crypto trading bots and a fake government agency has pleaded guilty.
The US Department of Justice said on Monday that Vincent Anthony Mazzotta Jr admitted to his role in defrauding investors by promising high yields made through fictitious investment firms that use AI-powered crypto trading bots.
Mazzotta pleaded guilty to money laundering and conspiracy to obstruct justice, which together carry a maximum penalty of 15 years in prison. A judge has yet to determine the sentence.
