IcomTech Promoter Sentenced to Nearly Six Years in Prison Over Crypto Ponzi Scheme

A senior promoter behind the collapsed crypto platform IcomTech has been sentenced to nearly six years in federal prison for his role in a multimillion-dollar Ponzi scheme that targeted working-class, Spanish-speaking investors across the United States. Key Takeaways: An IcomTech promoter was sentenced to nearly six years for running a crypto Ponzi scheme. The platform used fake “guaranteed returns” to recycle investor funds. Mendoza must repay victims and forfeit assets. Magdaleno Mendoza was se ...