logo

86-year-old man pleads guilty to running crypto Ponzi scheme, fined $14 million

By: blockbeats|2024/10/22 06:59:30

BlockBeats news, October 9, an 86-year-old former California lawyer was sentenced to five years of probation and ordered to pay nearly $14 million in fines for admitting to running a multi-million dollar cryptocurrency Ponzi scheme.


David Kagel was sentenced in May after pleading guilty to one count of conspiracy to commit commodities fraud, according to a ruling filed by Las Vegas federal judge Gloria Navarro on October 8.


Due to poor health, Kagel is currently receiving hospice care at an elderly care facility in Las Vegas, where he will serve his full probation and will be required to wear a monitoring device unless he leaves the facility.


Government prosecutors charged Kagel last year, alleging that from December 2017 to around June 2022, Kagel and two accomplices lured victims to invest in a fake cryptocurrency robot trading program that promised high returns and no risk. (Cointelegraph)

WEEX se roba el Show en BlockchainRIO 2025

Te puede gustar

Compartir
copy

Ganadores

Últimas noticias cripto

08:18

Un trader cerró una posición corta de $18.8 millones USD ETH con una ganancia de $909,000 USD

07:48

Una ballena compró 65,65 WBTC el día antes de la liquidación y sufrió una pérdida de 316.000 dólares.

07:18

A Ripple Labs se le concede la expansión de las operaciones comerciales de pago en Singapur

06:51

Arthur Hayes: Si Tether mantiene activos sin liquidez, cualquier percance podría desencadenar preguntas sobre la sobrecolateralización

06:48

La tasa de financiación convencional actual de CEX y DEX indica un debilitamiento del sentimiento del mercado bajista.

Leer más
Comunidad
icon
icon
icon
icon
icon
icon
icon
icon

Atención al cliente@weikecs

Cooperación empresarial@weikecs

Trading cuantitativo y CM[email protected]

Servicios VIP[email protected]