Tag: bitcoin ponzi scheme crypto fraud investor protection financial regulations attorney ethics

Ex-Lawyer Admits Role in Crypto Ponzi Scheme: Lessons for Investors

David Kagel, an 86-year-old former California attorney, faces significant repercussions after admitting his involvement in a crypto Ponzi scheme that defrauded investors of approximately $14 million. The scheme operated from December 2017 to June 2022 and is a stark reminder of the risks inherent in the rapidly evolving world of cryptocurrency investments. Kagel’s role in […]

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