PGI Global CEO Sentenced 20 Years for $200 Million Bitcoin Ponzi Scheme
The former CEO of Praetorian Group International (PGI), Ramil Ventura Palafox, has been sentenced to 20 years in prison for running a massive $62.7 million bitcoin and forex Ponzi scheme that misled over 90,000 investors. Palafox promised daily returns of up to 3% but instead used new investor funds to pay old ones, siphoning millions … Read more