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Home Blockchain

Lawyer Pleads Guilty in $9.5M Crypto Ponzi Scheme — Faces 5 Years in Prison

by DigestWire member
May 31, 2024
in Blockchain, Crypto Market, Cryptocurrency
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Lawyer Pleads Guilty in $9.5M Crypto Ponzi Scheme — Faces 5 Years in Prison
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Bank of Israel Launches Digital Shekel ChallengeDavid 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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  • Lions: Dan Campbell defends Rock Ya-Sin after ‘absolutely terrible’ pass interference penalty November 17, 2025
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