Arizona Man Pleads Guilty in $13 Million Crypto Scam Using AI & Fake Agency

Mazzotta, operating under aliases such as ‘Director Vinchenzo’ and ‘Vincent Midnight,’ ran shell companies like Mind Capital and Cloud9Capital. He, along with co-defendant David Gilbert Saffron, an Australian national, promised investors massive returns via non-existent artificial intelligence-powered trading bots. 

Authorities uncovered a major Crypto Ponzi scheme involving AI bots and fabricated recovery services. The platforms claimed to automate using advanced algorithms, luring victims with the promise of consistent and outsized gains.

However, instead of investing the funds, the conspirators diverted the money toward a lavish lifestyle, spending on private jet rentals, luxury homes in the Hollywood Hills, security services, and high-end vacations.