<ul><li>David Kagel, an 86-year-old former attorney, has been sentenced to five years probation and ordered to pay nearly $14 million in restitution for his involvement in a crypto Ponzi scheme.</li><li>Kagel and his accomplices operated the scheme between December 2017 and June 2022, luring investors with promises of high returns and minimal risk.</li><li>Using his law firm's letterhead, Kagel created an illusion of legitimacy and misled investors into believing they were partaking in a trustworthy venture.</li><li>Kagel's actions led to the widespread promotion of the fraudulent program, which amassed millions in victim funds before being exposed by authorities.</li></ul>

Crypto Scandal: Here’s How This 86-Year Old Defrauded Investors And Later Got Caught

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