---
title: "86-year-old to pay $14M after admitting to running crypto Ponzi scheme"
url: https://diffcoin.com/86-year-old-to-pay-14m-after-admitting-to-running-crypto-ponzi-scheme/
description: "Prosecutors only sought a five-year probation sentence for crypto schemer David Kagel because of his age and ailing health. Source link"
published: 2024-10-09
updated: 2024-10-09
author: "Mila"
site: "Diffcoin"
---

# 86-year-old to pay $14M after admitting to running crypto Ponzi scheme

Prosecutors only sought a five-year probation sentence for crypto schemer David Kagel because of his age and ailing health.

[Source link](https://cointelegraph.com/news/86-year-old-pays-14-million-for-running-crypto-ponzi-scheme?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)