Crypto CEO Gets 20 Years for $200M Bitcoin Ponzi Scheme
A federal judge in Virginia has sentenced Ramil Ventura Palafox, the 61-year-old CEO of Praetorian Group International (PGI), to 20 years in prison for orchestrating a massive $200 million Bitcoin Ponzi scheme that defrauded over 90,000 investors worldwide. Palafox, a dual US-Philippine citizen, was convicted of wire fraud and money laundering after running the scam from December 2019…

