Arizona man admits involvement in $13 million Ponzi scheme money laundering charges

According to the website of the US Department of Justice, Arizona man Vincent Anthony Mazzotta Jr. (also known as Vincent Midnight, Delta Prime, Director Vinchenzo) recently admitted to involvement in money laundering and obstruction of justice crimes. He and his accomplices used artificial intelligence automated trading robots to obtain high returns in the cryptocurrency market through false promises, luring investors to invest in companies such as Mind Capital and Cloud9 Capital, with a total amount involved exceeding $13 million. In addition, they also fabricated the Federal Crypto Reserve (FCR) government agency to further defraud victims of funds. Mazzotta also attempted to destroy evidence and falsify company records to cover up the crime. He may face up to 15 years in prison.