A former Hollywood Hills resident pleaded guilty on Monday, July 28 to money laundering and conspiracy to obstruct justice for his role in a cryptocurrency Ponzi scheme that defrauded investors of over $13 million, according to the U.S. Department of Justice.

Vincent Anthony Mazzotta Jr., 54, of Arizona, formerly of the Hollywood Hills, and co-defendant, David Saffron, promised investors profits for investing in cryptocurrency using an automated trading AI robot, the U.S. Attorney’s Office in Los Angeles said in a statement.

Mazzotta, who went by various nicknames including “Vincent Midnight,” “Delta Prime” and “Director Vinchenzo,” promised investors high-yield profits in a short amount of time if they invested with cryptocurrency investment companies. Mazzotta and his co-defendant’s co

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