A major player in a crypto Ponzi scheme that duped victims out of $13 million with claims of using artificial intelligence-powered crypto trading bots and a fake government agency has pleaded guilty.
The US Department of Justice data-ct-non-breakable=”null” href=”https://www.justice.gov/opa/pr/arizona-man-pleads-guilty-money-laundering-charges-related-13m-ponzi-scheme” rel=”noopener nofollow” target=”_blank” title=”null”>said on Monday that Vincent Anthony Mazzotta Jr admitted to his role in data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/two-individuals-indicted-25m-ai-artificial-intelligence-crypto-trading-scam” title=”null”>defrauding investors by promising high yields made through fictitious investment firms that use AI-powered crypto trading bots.
Mazzotta pleaded guilty to data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/real-time-crypto-laundering-cex-vulnerabilities-report” title=”null”>money laundering and conspiracy to obstruct justice, which together carry a maximum penalty of 15…
