Vincent Mazzotta Admits Guilt in Mind Capital Ponzi Scheme
On June 26, 2025, Vincent Mazzotta Mind Capital case took a pivotal turn when Vincent Anthony Mazzotta Jr.—also known as Vincent Midnight and Director Vinchenzo—pleaded guilty to charges of conspiracy to obstruct justice and money laundering. His admission is directly tied to the collapse of the Mind Capital Ponzi scheme, a fraudulent multi-level marketing (MLM) crypto operation that unraveled in 2021. The scheme lured investors with false promises of high returns, ultimately defrauding thousands.
Facing Prison and Forfeiture
Vincent Mazzotta Mind Capital case could result in a prison sentence of up to 15 years.
However, his agreement to cooperate with law enforcement and the terms of his plea deal may influence the court to grant a lighter sentence.
He has agreed to surrender $597,763 in illegal earnings linked to Mind Capital, with further financial penalties expected to be finalized by the court at a later date.
Co-Defendants and Ongoing Cases
Mazzotta’s two associates, David Gilbert Saffron and David Kagel, were charged in 2022 and 2023, respectively. Kagel, who pleaded guilty in May 2024, was sentenced to five years of probation in October. Mazzotta’s plea agreement, signed on June 5 and filed on June 6, is still awaiting court approval. His cooperation is expected to support the case against Saffron, whose trial is scheduled for August 25, 2025, unless a plea deal is reached beforehand.
Mind Capital’s Collapse
Mind Capital, a classic MLM-style crypto Ponzi, attracted investors through fraudulent trading schemes before eventually collapsing. Mazzotta’s guilty plea represents a major step toward accountability, as authorities plan to use his cooperation to strengthen their pursuit of the remaining defendants involved in the scheme.