The CEO of Praetorian Group International has been sentenced to 20 years in prison for running a global bitcoin Ponzi scheme that defrauded more than 90,000 investors of over $201 million. Deceptive Trading Promises A U.S. judge has sentenced Ramil Ventura Palafox, 61, to 20 years in prison for orchestrating a global Ponzi scheme through []
Judge Sentences PGI Founder to 20 Years for $201 Million Bitcoin Ponzi Scheme
Bitcoin.com - 14 Feb 2026 23:30
The CEO of Praetorian Group International has been sentenced to 20 years in prison for running a global bitcoin Ponzi scheme that defrauded more than 90,000 investors of over $201 million. Deceptive Trading Promises A U.S. judge has sentenced Ramil Ventura Palafox, 61, to 20 years in prison for orchestrating a global Ponzi scheme through []
Share this Article
Recommended