Crypto Scammer Gets 71 Months for “Financial Freedom” Lies 🤝💸

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Oh, great. Another crypto scam. What’s the surprise? Magdaleno Mendoza, the guy who convinced people that “financial freedom” meant handing over their life savings, just got 71 months in federal prison. Because obviously, that’s the only logical outcome. 🚫💸

Judge Paul G. Gardephe, who’s clearly been waiting for a case this juicy, handed down the sentence after Mendoza pleaded guilty to “conspiracy to commit wire fraud” and “illegal reentry.” Because nothing says “I’m a law-abiding citizen” like being deported four times, including once under a fake name. 🗣️

IcomTech Ponzi Scheme

According to the DOJ, Mendoza was the guy who’d show up at your local community center with a suitcase full of “luxury” and a smile that screamed “I’m not here to help you, I’m here to take your money.” IcomTech? A “crypto mining” business that promised daily returns. Yeah, right. It was a multi-level marketing Ponzi scheme so classic, it’s like a vintage vinyl record. 🎶

Mendoza targeted Spanish-speaking, working-class folks who probably thought “financial freedom” meant not having to work 12-hour shifts. He’d host events at his restaurant, collect cash, and then let investors stare at fake dashboards that looked like they were winning money. Spoiler: They weren’t. 🧨

When the withdrawals stopped, IcomTech introduced “Icoms” tokens. Because nothing says “trust us” like a worthless digital doodad. By 2019, the whole thing collapsed, leaving investors with nothing but regret and a hangover from the “luxury lifestyle” they never actually got. 🍸

Worthless Tokens, Prison Sentences, and Deportations

Meanwhile, Mendoza was living the American dream… illegally. Deported four times? That’s dedication. And here I thought my tax evasion was bad. 🧾

But hey, at least he’s finally getting what’s coming to him. Or as the DOJ would say, “Justice served.” Which, in this case, means 71 months of thinking about how he could’ve been a success story instead of a scammer. 🤡

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2025-12-21 20:53