Regulations & Policy
Crypto CEO gets 20 years for $200M Bitcoin Ponzi scheme
•1 min read
Ramil Palafox, the founder of PGI, has been sentenced to 20 years in federal prison for orchestrating a Bitcoin Ponzi scheme that defrauded investors of over $200 million from 2019 to 2021. The scheme promised high returns but ultimately collapsed, leading to significant financial losses for customers.
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Source: CoinTelegraph · Report an issue