Former attorney David Kagel, 86, has been given five years of probation for running a multi-million dollar cryptocurrency Ponzi scheme that defrauded investors out of nearly $15 million. 😮

Judge Gloria Navarro ordered Kagel to pay $14 million in restitution to victims. The scheme, which ran from 2017 to 2022, promised high returns and minimal risks but turned out to be a scam.