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Judge Sentences PGI Founder to 20 Years for $201 Million Bitcoin Ponzi Scheme

The CEO of Praetorian Group International has been sentenced to 20 years in prison for running a global bitcoin Ponzi scheme that defrauded more than 90,000 investors of over $201 million. Deceptive Trading Promises A U.S. judge has sentenced Ramil Ventura Palafox, 61, to 20 years in prison for orchestrating a global Ponzi scheme through […] Also read: Buterin: Prediction Markets Must Evolve Into Hedging Platforms