Bitcoin Faces DOJ as $200M PGI Ponzi Draws 20-Year Term

PGI CEO Sentenced to 20 Years in $200M Bitcoin Ponzi Scheme – #CryptoUpdatesGNIT

PGI’s CEO spent millions on luxury cars, homes, hotels, designer clothing, jewelry, and watches using investor funds. The US Department of Justice announced that Ramil Ventura Palafox, the CEO of Praetorian Group International (PGI), was sentenced to 20 years in prison. Prosecutors stated that Palafox operated a $200 million Bitcoin-based Ponzi scheme that defrauded more than 90,000 investors across the world. Bitcoin Fraud Case Accordi…

PGI CEO Sentenced to 20 Years in $200M Bitcoin Ponzi Scheme

The US Department of Justice announced that Ramil Ventura Palafox, the CEO of Praetorian Group International (PGI), was sentenced to 20 years in prison. Prosecutors stated that Palafox operated a $200 million Bitcoin-based Ponzi scheme that defrauded more than 90,000 investors across the world. Bitcoin Fraud Case According to court documents, Palafox, the 61-year-old dual citizen of the United States and the Philippines, owned and controlled PGI…

REGULATION | PGI CEO Sentenced to 20 Years as Global Crypto Fraud Case Highlights Cross-Border Enforcement and Empty ‘Guaranteed Returns’ Claims

The federal sentencing this week of Praetorian Group International (PGI) founder, Ramil Ventura Palafox, to 20 years in prison underscores intensifying international scrutiny of crypto-related fraud and the willingness of authorities to pursue cross-border enforcement against schemes that offer promised returns without legitimate trading operations. U.S. prosecutors in the Eastern District of Virginia convicted the dual U.S.–Philippine citizen o…

Bitcoin faces DOJ as $200M PGI Ponzi draws 20-year term

Ramil Ventura Palafox receives 20-year sentence for PGI Bitcoin Ponzi schemeA U.S. judge sentenced Ramil Ventura Palafox, founder of Praetorian Group

Judge Sentences PGI Founder to 20 Years for $201 Million Bitcoin Ponzi Scheme

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 […]

Bitcoin Scam: Court Hands Man 20-Year Sentence Over $200M Ponzi Scheme - Invest In Crypto News

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