🚨Former Beverly Hills attorney, David Kagel, pleads guilty to a $9.5M crypto Ponzi scheme.👨‍⚖️🔒

- Kagel, once a respected legal figure, used his status to lure victims into a fake high-yield crypto investment scheme.

- He falsely claimed to hold $11M in Bitcoin as a safety net for investors.

- Now, he faces up to 5 years in prison. Sentencing is set for September 10.

The saga continues as David Gilbert Saffron and Vincent Anthony Mazzotta Jr. await their trial for alleged roles in the same scheme.

What are your thoughts on this? Should stricter regulations be put in place to prevent such scams? Let's chat below! 👇 #CryptoNews #PonziScheme