The US Department of Justice (DOJ) filed a criminal complaint against two individuals, claiming that they were operating a Ponzi scheme through cryptocurrencies.
In its announcement on December 12, the DOJ said, David Gilbert Saffron And Vincent Anthony Mazzotta Jr. via crypto currencies of two people named $25 million worth fraud He stated that he did.
Founded under the leadership of two individuals, “AI Crypto ProfitsA site called ” is actually a ponzi scheme Officials stated that the system Between 2018 and 2022 He said that he victimized many people.
DOJ, Saffron and Mazzotta artificial intelligence trading bot through promises high-yield profits But he emphasized that the system was actually set up to defraud investors. According to the indictment submitted by the institution, the duo stole investors’ money used for personal expenses. Among these expenses jet flights, luxury hotel stays, personal chef services And private security guards There were notable excesses such as.
Saffron has been involved in cryptocurrency trading and mining in recent years. He served as an executive in a number of companies. Likewise, Mazzotta also worked as a manager at a cryptocurrency exchange.