Currency

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

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Feb 13, 2026 - 03:45
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Crypto CEO gets 20 years for $200M Bitcoin Ponzi scheme

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.

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