Magdaleno Mendoza stands in court, looking exhausted—six years in prison and the confiscation of nearly $2.3 million in assets. This is the price he paid for the false promise of "earning $2,000 a day."

This guy is a core promoter of the IcomTech project, and he designed the scam clearly: fake mining equipment, forged profit reports, and promises that could never be withdrawn. He specifically targeted Spanish-speaking wage earners, exploiting their lack of understanding of crypto technology and painting a picture of overnight wealth.

**How the scam works**

Launched in 2018, IcomTech used a classic Ponzi scheme, which collapsed completely within a year. Mendoza was responsible for showing investors fake trading screenshots, promising stable daily returns, and organizing luxury parties to prove the project's success. When investors tried to withdraw, the project would delay by offering worthless "Icoms" tokens, claiming they could be used to buy hotel tickets, but in reality, very few places accepted them.

Investigations revealed that the leaders of IcomTech spent millions of dollars on mansions, luxury goods, and global travel. Mendoza alone was sentenced to confiscate about $1.5 million of illegal proceeds.

**Another possibility**

In contrast, the decentralized stablecoin USDD launched by the Tron network demonstrates a completely different direction for crypto technology—operating within a transparent, auditable framework rather than weaving false promises. This is the true purpose of compliant stablecoins: real value backing, not castles in the air.