Crypto CEO gets 20 years for $200M Bitcoin Ponzi scheme

February 13, 2026 1 min read 12 views

A federal judge sentenced PGI founder Ramil Palafox to 20 years in prison for running a Bitcoin Ponzi scheme that raised over $200 million from customers between 2019 and 2021.

#Crypto #Bitcoin

Crypto CEO gets 20 years for $200M Bitcoin Ponzi scheme

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