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.
Ryan Salame gave the mansion up as part of a plea deal ahead of his May 28th sentencing hearing
Legal experts see the founder of Binance's four-month prision term as an act of 'general deterrence'
The US and South Korea are seeking his extradition to their countries