Justice Dept.: Disbarred Attorney Pleads Guilty to Promoting $9.5M Cryptocurrency Ponzi Scheme
May 30, 2024
May 30, 2024
WASHINGTON, May 30 -- The U.S. Department of Justice issued the following news release on May 29, 2024:
A disbarred California attorney pleaded guilty yesterday to conspiring to operate a cryptocurrency Ponzi scheme that defrauded victims of more than $9.5 million.
According to court documents, David Kagel, 85, formerly of Beverly Hills, conspired to fraudulently induce victims to participate in a cryptocurrency Ponzi scheme. Kagel and his co-conspirators promoted inves . . .
A disbarred California attorney pleaded guilty yesterday to conspiring to operate a cryptocurrency Ponzi scheme that defrauded victims of more than $9.5 million.
According to court documents, David Kagel, 85, formerly of Beverly Hills, conspired to fraudulently induce victims to participate in a cryptocurrency Ponzi scheme. Kagel and his co-conspirators promoted inves . . .