PANews reported on October 9 that according to Cointelegraph, an 86-year-old former California lawyer was sentenced to five years of probation and ordered to pay nearly $14 million for admitting to a multi-million dollar crypto Ponzi scheme. Due to poor health, the suspect is currently receiving hospice care at an elderly facility in Las Vegas, where he will serve his full probation unless he leaves-when he leaves, he will be required to wear a monitoring device. From December 2017 to around June 2022, the suspect and two accomplices lured victims into investing in fraudulent crypto robot trading plans with high returns and risk-free promises.
