{"id":77281,"date":"2024-05-31T09:00:48","date_gmt":"2024-05-31T09:00:48","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=77281"},"modified":"2024-05-31T09:00:48","modified_gmt":"2024-05-31T09:00:48","slug":"lawyer-pleads-guilty-in-9-5m-crypto-ponzi-scheme-faces-5-years-in-prison","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=77281","title":{"rendered":"Lawyer Pleads Guilty in $9.5M Crypto Ponzi Scheme \u2014 Faces 5 Years in Prison"},"content":{"rendered":"<p><img width=\"768\" height=\"432\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2024\/05\/16_news_bytes-1024x576-1-768x432-7.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Bank of Israel Launches Digital Shekel Challenge\" decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/05\/16_news_bytes-1024x576-1-300x169.jpg 300w, https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2024\/05\/16_news_bytes-1024x576-1-768x432-7.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/05\/16_news_bytes-1024x576-1-190x107.jpg 190w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/05\/16_news_bytes-1024x576-1-380x214.jpg 380w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/05\/16_news_bytes-1024x576-1-760x428.jpg 760w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2024\/05\/16_news_bytes-1024x576-1.jpg 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\">David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely claimed to hold $11 million in bitcoin to secure investments. He used his attorney position to instill trust, providing fake letters on [\u2026]<\/p>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely claimed to hold $11 million in bitcoin to secure investments. He used his attorney position to instill trust, providing fake letters on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":77282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-77281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/77281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=77281"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/77281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/77282"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=77281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=77281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=77281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}