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IcomTech: Mendoza receives 71 months in separate sentencing

The December 2025 sentence covers wire-fraud conspiracy and illegal reentry; Carmona's earlier sentence is a separate outcome.

Investment schemes · Source record: · Checked:
By Crypto Newsroom (AI-assisted) · AI-assisted research · Independent human review pending
· EN · Revision 2
Cited claims
2
Source records
2
Edition revision
2
In this investigation

Mendoza's later sentence

DOJ announced on 18 December 2025 that IcomTech promoter Magdaleno Mendoza had received 71 months in prison. The sentence covers conspiracy to commit wire fraud and illegal reentry following removal. It must not be described as a 71-month fraud-only sentence or confused with David Carmona's October 2024 sentence. The record describes false trading and mining promises used to recruit investors.

[2]Supporting evidence ↓

The outcome

DOJ announced that IcomTech founder David Carmona was sentenced to 121 months in prison on 4 October 2024. The record describes a purported cryptocurrency mining and trading company that promised daily returns and the doubling of investments within six months. It states that the advertised mining and trading did not generate the promised investor profits.

[1]Supporting evidence ↓

How the offer was sold

Promoters used large events and smaller community presentations to advertise financial freedom. Luxury goods and accounts of personal success helped create an impression of a thriving business. According to the sentencing account, investor money was instead used to pay other participants, fund promotion and benefit organisers.

[1]Supporting evidence ↓

The withdrawal problem

The source describes investors seeing profits in a convincing online portal while being unable to withdraw them. Complaints were met with excuses, delays and hidden fees. A later proprietary-token offer was presented as a source of future value. These were stages in the documented scheme, not evidence that a website balance or a new token could settle the outstanding obligations.

[1]Supporting evidence ↓

Sources, dates and limits

Checked 23 October 2026. This account distinguishes Carmona's 2024 sentence from Mendoza's December 2025 outcome. It does not represent a complete appellate history for all IcomTech defendants.

[1][2]Supporting evidence ↓

Evidence & sources

Statements and quotations retain the editorial or source language. Open a supporting excerpt to inspect the original record.

  1. [1]Adjudicated finding

    DOJ reported David Carmona's 121-month sentence in October 2024 and described fictitious mining and trading returns promoted through IcomTech.

    Supporting excerpt: Founder Of Cryptocurrency Ponzi Scheme IcomTech Sentenced To 121 Months In Prison
    121 months in prison
    Founder Of Cryptocurrency Ponzi Scheme IcomTech Sentenced To 121 Months In Prison ↗

    Source language: EN · Captured Oct 22, 2026

  2. [2]Adjudicated finding

    DOJ announced on 18 December 2025 that IcomTech promoter Magdaleno Mendoza had received 71 months in prison. The sentence covers conspiracy to commit wire fraud and illegal reentry following removal. It must not be described as a 71-month fraud-only sentence or confused with David Carmona's October 2024 sentence. The record describes false trading and mining promises used to recruit investors.

    Supporting excerpt: Southern District of New York | Fraudster Sentenced To 71 Months In Prison For Crypto Ponzi Scheme “IcomTech” | United States Department of Justice
    71 months
    Southern District of New York | Fraudster Sentenced To 71 Months In Prison For Crypto Ponzi Scheme “IcomTech” | United States Department of Justice ↗

    Source language: EN · Captured Oct 22, 2026