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3232Lawyer Pleads Guilty in $9.5M Crypto Ponzi Scheme — Faces 5 Years in Prison
https://www.digit.info/lawyer-pleads-guilty-in-9-5m-crypto-ponzi-scheme-faces-5-years-in-prison/
Fri, 31 May 2024 04:21:49 +0000https://www.digit.info/2024/05/31/lawyer-pleads-guilty-in-9-5m-crypto-ponzi-scheme-faces-5-years-in-prison/Read more]]>David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely claimed to hold $11 million in bitcoin to secure investments. He used his attorney position to instill trust, providing fake letters on […]
David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely claimed to hold $11 million in bitcoin to secure investments. He used his attorney position to instill trust, providing fake letters on […]
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