Fresh news from the crypto world! 🌐

An 86-year-old former California attorney, David Kagel, has been sentenced to five years probation and ordered to pay nearly $14 million after admitting his involvement in a cryptocurrency Ponzi scheme.

- Kagel and his accomplices promised high risk-free returns to victims.

- They used official letters to gain trust and attract investments.

- The scam raised at least $15 million between 2017 and 2022.

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