Senior promoter of crypto Ponzi scheme IcomTech sentenced to 6 years in prison by U.S. court

Foresight News reported that Magdaleno Mendoza, a senior promoter of the crypto Ponzi scheme IcomTech, has been sentenced to 6 years in prison by a US court. He was found guilty of assisting in recruiting investors, participating in a wire fraud conspiracy, and promising victims false crypto mining and trading returns. The court also ordered him to pay approximately $790,000 in restitution and forfeit about $1.5 million in assets.

Previously, IcomTech founder David Carmona was sentenced to nearly 10 years, and former CEO Marco Ruiz Ochoa was sentenced to 5 years.