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

David Kagel, a disbarred California attorney, pleaded blameworthy to orchestrating a cryptocurrency Ponzi strategy that defrauded victims of implicit $9.5 million. Kagel, 85, promised precocious returns done artificial quality trading bots and falsely claimed to clasp $11 cardinal successful bitcoin to unafraid investments. He utilized his lawyer presumption to instill trust, providing fake letters connected […]