Crypto Ponzi Scheme Leads to $14M Penalty for David Kagel

Quick Summary:

David Kagel, an 86-year-old former attorney, faces significant consequences for his role in a multi-million-dollar cryptocurrency Ponzi scheme.

Recently, he admitted to charges of conspiracy to commit commodity fraud.

This admission highlights the ongoing issues within the cryptocurrency market, particularly regarding fraudulent activities that target unsuspecting investors​.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab Emirates

Topics: U.S Ponzi scheme Market News Cryptocurrecncy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 10:55:52 (17 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 29 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 22969184

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 24 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

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