CEO Gets 20 Years for $200M Bitcoin Ponzi Scheme
Ramil Ventura Palafox, the 61-year-old CEO of Praetorian Group International (PGI), has been sentenced to 20 years in federal prison for running a global $200 million Bitcoin Ponzi scheme. A dual U. S. –Philippines citizen, Palafox defrauded more than 90,000 investors worldwide between December 2019 and October 2021
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