4.3 C
New York
Monday, March 23, 2026
spot_img

Tag: Circle Society

Disbarred Attorney Pleads Guilty to Orchestrating $9.5 Million Cryptocurrency Ponzi Scheme

Disbarred California attorney David Kagel, 85, has pleaded guilty to charges related to the crypto Ponzi scheme Circle Society that defrauded victims of more than $9.5 million. Kagel conspired with others to lure victims into a fraudulent crypto investment program promising high-yield profits through the use of AI trading bots. Kagel falsely claimed to hold Bitcoin worth approximately $11 million in escrow to instill trust, purportedly guaranteeing the victims' investments against any loss.

Another Crypto Indictment: US Prosecutors Charged Two Men for Operating $25M Crypto Ponzi Scheme!

The U.S. Department of Justice announced that a new superseding indictment had been unsealed, charging an Australian national and a California resident in a crypto Ponzi scheme, leading to over $25 million in victim losses. David Gilbert Saffron, 51, from Australia, and Vincent Anthony Mazzotta Jr., 52, from Los Angeles, are accused of orchestrating a fraudulent operation, luring investors into various trading programs.

CFTC filed enforcement action against binary options and crypto scheme Circle Society and its operators

The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action charging David Gilbert...