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

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.

Read More at https://cointelegraph.com/news/pgi-ceo-20-year-sentence-200m-crypto-scheme?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound