86-year-old former attorney to pay $14m for role in crypto Ponzi scheme

Disbarred California attorney David Kagel has agreed to pay nearly $14 million in restitution as part of his sentencing for operating a multimillion-dollar cryptocurrency Ponzi scheme that defrauded investors over several years. According to a ruling by Las Vegas federal…

Oct 9, 2024 - 19:58
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86-year-old former attorney to pay $14m for role in crypto Ponzi scheme
Disbarred California attorney David Kagel has agreed to pay nearly $14 million in restitution as part of his sentencing for operating a multimillion-dollar cryptocurrency Ponzi scheme that defrauded investors over several years. According to a ruling by Las Vegas federal…

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