[2025-12-19] The latest IT, economic, blockchain and coin news
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2025-12-19 | Curator: CryptoTerminal
IcomTech Crypto Ponzi Promoter Sentenced to Nearly Six Years in Prison
A senior promoter who helped orchestrate a multimillion-dollar crypto Ponzi scheme targeting working-class Spanish-speaking investors was sentenced Thursday to 71 months in federal prison. Magdaleno Mendoza received a sentence for his role in IcomTech, a purported crypto-mining and trading company that launched in mid-2018 and collapsed by the end of 2019, according to a statement from the U.S. Attorney's Office for the Southern District of New York. The scheme falsely promised guaranteed daily...
