Magdaleno Mendoza, a senior promoter of IcomTech, has been sentenced to 71 months in prison for his role in a multimillion-dollar cryptocurrency Ponzi scheme. The fraudulent operation, which collapsed in 2019, promised investors guaranteed returns through a fake mining venture. Mendoza is ordered to pay $789,000 in restitution and forfeit $1.5 million in assets. The scheme primarily targeted Spanish-speaking communities, using funds from new investors to pay earlier participants while enriching Mendoza. This sentencing marks a significant development in the crackdown on fraudulent crypto activities.