86-year-old to pay $14M after admitting to running crypto Ponzi scheme
Prosecutors sought five years probation for crypto schemer David Kagel because of his age and ailing health.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Prosecutors sought five years probation for crypto schemer David Kagel because of his age and ailing health.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Brooklyn Man Sentenced to Up to 12 Years Over $16 Million Coinbase Social Engineering Scheme
A Brooklyn man faces up to 12 years for a $16 million social engineering scheme targeting Coinbase users. What the sentence means...
Man sentenced to 12 years for $16M Coinbase customer support scam
A Brooklyn man was sentenced to as much as 12 years in prison for stealing nearly $16 million from Coinbase users. On Sept. 23, Ro...
Brooklyn Man Sentenced to 12 Years for $16M Coinbase Phishing Scam
Bitcoin Magazine Brooklyn Man Sentenced to 12 Years for $16M Coinbase Phishing Scam A scammer who went by the online name “lolimfe...
Ripple CEO Brad Garlinghouse Says XRP and Solana Can Both Thrive in Crypto’s Next 5 Years
Garlinghouse’s comments have resurfaced as XRP and Solana both trade near important technical levels following recent gains. “I’m...
Feds Charge Vietnamese National in $16M Pig Butchering Crypto Scheme
A Vietnamese national has been charged with laundering money from a sprawling “pig butchering” cryptocurrency scam that U.S. feder...
Coinbase Impersonator Who Drained Nearly $16 Million From Users Heads to Prison
A Brooklyn judge on Wednesday sentenced a local man who posed as Coinbase staff and drained nearly $16 million from about 100 of t...