IcomTech promoters used luxury cars and flashy events to project legitimacy while investors lost millions in a crypto Ponzi scheme.

In brief

  • A senior IcomTech promoter was sentenced to 71 months for running a crypto Ponzi scheme that promised guaranteed returns from mining and trading.

  • The scheme collapsed after victims were unable to withdraw funds, resulting in millions of dollars in losses.

  • The sentence also covered Mendoza’s illegal reentry after deportation, following decades of unlawful residence and repeated removals from the U.S.

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