Overview

• Vincent Mazzotta pleaded guilty to one count of money laundering and one count of conspiracy to obstruct justice in federal court
• He and co-defendant David Saffron used AI-powered trading platforms like Mind Capital and Cloud9Capital to dupe investors out of more than $13 million
• The pair then created a fictitious agency called the Federal Crypto Reserve to extract additional recovery fees from defrauded investors
• After Saffron’s arrest, Mazzotta destroyed digital evidence and falsified records of his business, Runway Beauty Inc., to impede the investigation
• He faces up to 15 years in prison at a December 15, 2025, sentencing hearing; Saffron remains indicted and IRS Criminal Investigation continues probing the case