Judge Sentences PGI Founder to 20 Years for $201 Million Bitcoin Ponzi Scheme - Bitcoin.com News

A federal judge has sentenced the founder of PGI, a cryptocurrency investment firm, to 20 years in prison for orchestrating a $201 million Bitcoin Ponzi scheme. The scheme defrauded thousands of investors, misleading them about the profitability of their investments while using new funds to pay earlier investors.

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Source: Google News Crypto · Report an issue