IcomTech crypto ponzi promoter sentenced to nearly six years in prison

[_act_]

Who should be blamed more? Some people have money to invest but they will not make investigation before investing. I think if anyone said they want to trade or mine for you, should you believe that? That does not need investigation before you will know that it is a scam, but if you want to investigate because you do not know about the scam, it so good to make your investigation than to be stupid.

A senior IcomTech promoter was sentenced to 71 months for running a crypto Ponzi scheme that promised guaranteed returns from mining and trading.

The scheme collapsed after victims were unable to withdraw funds, resulting in millions of dollars in losses

The sentence also covered Mendoza’s illegal reentry after deportation, following decades of unlawful residence and repeated removals from the U.S.

Another thing I read about the scammer is that he used luxury cars and flashy events to project legitimacy while investors lost millions in a crypto Ponzi scheme.

https://decrypt.co/352976/icomtech-crypto-ponzi-promoter-sentenced-six-years-prison

[Ivystar5]

This Ponzi doesn't target young people what will be opportune to here more information or try to investigate the information that the Ponzi provides, recently the help of AI has helped a few old aged women to escape scam but however it's very important to know that people who are lossing have no clue of what they are doing, some are scammed in terms of romance and it goes down to the investment since it's in a position of love.

But like I have said, we can't blame victims only but blame the entire person involved for it because everyone has a role they played and their misconduct that lead to the lost.

[shield132]

Who should be blamed more? Some people have money to invest but they will not make investigation before investing. I think if anyone said they want to trade or mine for you, should you believe that? That does not need investigation before you will know that it is a scam, but if you want to investigate because you do not know about the scam, it so good to make your investigation than to be stupid.

A senior IcomTech promoter was sentenced to 71 months for running a crypto Ponzi scheme that promised guaranteed returns from mining and trading.

The scheme collapsed after victims were unable to withdraw funds, resulting in millions of dollars in losses

The sentence also covered Mendoza’s illegal reentry after deportation, following decades of unlawful residence and repeated removals from the U.S.

Another thing I read about the scammer is that he used luxury cars and flashy events to project legitimacy while investors lost millions in a crypto Ponzi scheme.

https://decrypt.co/352976/icomtech-crypto-ponzi-promoter-sentenced-six-years-prison

To my mind, what happens to you is the result of your mistakes and when someone promises you easy money in exchange of you doing nothing, by simply giving them capital and they do everything for you, then it's your fault that you get scammed but at the same time, the scammer is a guilty one. Sadly, this scheme is very popular in my country and is protected by the government officials behind the scenes. Young people with the knowledge of English and other languages call old, retired people and try to scam them. Everyone who scams people, despite the fact that the scammed person is really the one who should be blamed for being stupidly native, should be punished. Six years in prison is a very light sentence because I know that lots of people lost their lives and even tried to commit suicide because they lost all their savings.

[Dunamisx]

This thread serves a lesson to many who often believe in whatever thing that they see online, when they are supposed to know that it is not everything we see appearing to us really stand the same truth of what they really are in reality, if it's too real to be true, then we should detest on such and not let our greed take what belongs to us way from us, not everything should be trusted, if we don't know about them, we can ask others experienced in it.

[coinrifft]

We are already in 2025 and yet there are still gullible people who believe and invest in this kind of scheme. Maybe if it is the start of crypto boom, then this news might seems to be normal during that era. But now moving forward like 6-7 years ago and yet this cycle keeps repeating because there are certain individuals who still believed and just throwing their money to this scammers. Everyone should do their research first and not just trust someone. The obvious blame is on those greedy people who thinks that they can get rich quick by investing their hard earn money to this scammer and again, let this be a lessons for all of us.

[Youngrebel]

Don't believe all ads seen on the internet or social media or gaming platforms. Those are the places they dropped their ads to deceive people and those who want to double their money would fall for it. And another set of people who fall for such trap is fo those who what to make money overnight. Investment should be done individually and not a third party. We have seen in the physical world that, there are some Banks newly opened and asked people to invest their money and at the end they run away with the customers funds. How can someone investment money online person or platform that he has not known. Those scammers were rampage in the early 2015 to 2019.
And if people are still falling for those scammers in their dispensation, they need some mental health testing.

[Donneski]

The scammer rightly deserves the sentence, no question about that. Running a Ponzi and using luxury displays to fake credibility is intentional deception.

However, I also think many people underestimate how persuasive these schemes can be especially when they’re wrapped in confidence, community and promises of easy income. Not everyone invests out of pure greed, I know some people who were once victims to Ponzi that genuinely invested because of their limited knowledge about it.

That’s why I'll always maintain that education and sensitization matters. People shouldn’t blindly trust but it’s also unrealistic to expect everyone to spot a scam immediately.