According to reports, Vincent Anthony Mazzotta Jr., a man from Arizona, pleaded guilty to money laundering and obstructing justice related to cryptocurrency investment fraud, according to the U.S. Department of Justice website. Mazzotta and his accomplices used "AI trading Bots" high returns as bait to manipulate platforms like Mind Capital, defrauding investors of over $13 million, and fabricated a "Federal Crypto Reserve" to commit further fraud. Mazzotta faces up to 15 years in prison.

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