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Man Sentenced to 71 Months for Spanish-Speaking Crypto Ponzi Scheme

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A senior figure in the IcomTech crypto Ponzi scheme has received a 71-month sentence and must pay $789,218.94 in restitution. Magdaleno Mendoza ran the Spanish-language operation from 2018 to 2019, using new investor funds to pay earlier ones. He also faces a $1.5 million forfeiture and the loss of a California property. The case affects the crypto market and serves as a warning for altcoins to watch.
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