The U.S. Justice Department said PGI CEO Ramil Ventura Palafox was sentenced to 20 years for running a $200 million Bitcoin Ponzi scheme that impacted over 90,000 investors and caused losses exceeding $62 million.

A U.S. court sentenced former PGI CEO Ramil Ventura Palafox to 20 years in prison for operating a $200 million Bitcoin Ponzi scheme, highlighting tougher crypto fraud enforcement and renewed investor focus on compliance and risk control.

PGI former CEO Ramil Ventura Palafox has been sentenced to 20 years in federal prison over a $200 million Bitcoin Ponzi scheme, highlighting the intensifying U.S. crackdown on crypto-related fraud and investor deception.

Ramil Ventura Palafox, CEO of Praetorian Group International, pleaded guilty to defrauding over 90,000 investors in a $200M Bitcoin Ponzi scheme. He faces up to 40 years in prison and will be sentenced in February 2026.

Praetorian Group International CEO Ramil Ventura Palafox pleaded guilty in Virginia to a $200 million Bitcoin Ponzi scheme that defrauded over 90,000 investors globally. He faces up to 40 years in prison and must pay $62.7 million in restitution.

Former PGI CEO Ramil Palafox pleaded guilty in a $200 million Bitcoin Ponzi case that affected over 90,000 investors worldwide. He is set to be sentenced in February 2026 and could face up to 40 years in prison.

Former PGI CEO Ramil Ventura Palafox pleaded guilty to fraud and money laundering in a $200 million Bitcoin Ponzi case that impacted over 90,000 investors worldwide. Sentencing is set for February 2026.

PGIM expects the Federal Reserve to raise interest rates three times this year to cool an overheating economy, then cut rates three times in 2027, bringing the final rate down to 3.375%.