Ponzi Scheme Organizer Receives 71-Month Sentence Amid Ongoing Federal Enforcement
Sentencing of Magdaleno Mendoza: On December 18, 2025, Magdaleno Mendoza was sentenced to 71 months in prison for his role in the IcomTech Ponzi scheme, which involved nearly $790,000 in restitution and the forfeiture of about $1.5 million in illicit gains.
Targeting Vulnerable Communities: Mendoza was a key promoter of IcomTech, which targeted Spanish-speaking and working-class investors, misleading them with promises of high returns while using new investors' funds to pay earlier ones.
Continued Fraudulent Activities: Despite the collapse of IcomTech in late 2019, Mendoza continued to promote similar fraudulent crypto schemes after pleading guilty to wire fraud conspiracy in July 2025.
Wider Implications of the Case: Mendoza's sentencing is part of a broader federal crackdown on crypto fraud, highlighting how scammers exploit trust in close-knit communities, with previous convictions of IcomTech's founder and CEO underscoring the serious consequences of such schemes.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
