BitcoinWorld
Bitcoin Ponzi Scheme: PGI CEO Receives Devastating 20-Year Sentence for $200M Fraud
In a landmark ruling that underscores the severe legal consequences for cryptocurrency fraud, Ramil Ventura Palafox, the former CEO of Praetorian Group International (PGI), has been sentenced to 20 years in federal prison. The U.S. Attorney’s Office for the Eastern District of Virginia confirmed the sentence on April 2, 2025, for a massive $200 million Bitcoin Ponzi scheme that devastated