Praetorian Group International CEO Sentenced to 20 Years for $200M Bitcoin Ponzi Scheme

A federal court has sentenced Praetorian Group International (PGI) founder and Chief Executive Officer Ramil Ventura Palafox to 20 years in prison after he pleaded guilty to wire fraud and money laundering charges tied to a global Bitcoin Ponzi scheme. Prosecutors said the operation, which ran from December 2019 through October 2021, collected more than […] Read The Full Article Praetorian Group International CEO Sentenced to 20 Years for $200M Bitcoin Ponzi Scheme On Coin Edition.