US DoJ convicts fraudsters behind a $13M crypto Ponzi scam that duped investors with fake AI trading and a bogus regulator – spotlighting growing digital‑asset fraud threats

Vincent Anthony Mazzotta Jr., also known by aliases such as “Vincent Midnight” and “Director Vinchenzo,” admitted guilt on 28 July 2025 to laundering proceeds from a $13 million Ponzi scheme that used fake crypto trading platforms to lure investors. He also pleaded guilty to conspiracy to obstruct justice by destroying evidence and misleading investigators as part of efforts to conceal the fraudulent operation…