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Working-class scam exposed after crypto exec jailed
short by / on Friday, 19 December, 2025
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.
read more at Stocktwits