David Kagel

News

An older man in a courtroom, looking remorseful, with a backdrop of cryptocurrency symbols and legal documents. Include elements like a gavel and a Bitcoin symbol to signify the legal and crypto aspects of the case.

Former Attorney Admits Guilt in $9.5M Crypto Ponzi Scheme

By Olivier Acuña | TH3FUS3 Chief Editor

David Kagel, an 85-year-old former attorney from Beverly Hills, has pleaded guilty to one count of conspiracy to commit commodity fraud. This plea is connected to a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million.

June 3, 2024 06:54 AM

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