Working-class scam exposed after crypto exec jailed

Magdaleno Mendoza, a promoter for the IcomTech crypto scheme, was sentenced to 71 months in prison for his role in a massive Ponzi scheme. The operation targeted working-class, Spanish-speaking investors with false promises of daily profits. Mendoza must forfeit $1.5M and pay restitution. This marks the second high-profile conviction after the founder received 10 years in prison.