Overview

• He pleaded guilty to one count of money laundering and one count of conspiracy to obstruct justice for a scheme that duped investors of more than $13 million through bogus AI trading robots and a fake Federal Crypto Reserve.
• Court filings show Mazzotta and co-defendant David Gilbert Saffron lured victims with promises of high-yield returns via shell crypto firms including Mind Capital and Cloud9Capital.
• After Saffron’s arrest, Mazzotta conspired with accomplices to destroy evidence at Saffron’s apartment and falsify Runway Beauty Inc. records to impede the federal investigation.
• The Justice Department’s Criminal Division and IRS Criminal Investigation led the coordinated probe under a broader effort to counter emerging digital-asset fraud.
• Sentencing is scheduled for December 15, 2025, with Mazzotta facing up to 10 years on the laundering count and five years for the obstruction charge.