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Cryptocurrency 13 February 2026 - 20 February 2026

Ramil Palafox Jailed 20 Years as PGI Global’s $200 Million Bitcoin Ponzi Case Hits Sentencing

Ramil Palafox Jailed 20 Years as PGI Global’s $200 Million Bitcoin Ponzi Case Hits Sentencing

Ramil Ventura Palafox, 61, landed a 20-year prison term Thursday after a U.S. judge in Virginia found him guilty of operating a $200 million bitcoin Ponzi scheme, according to the U.S. Attorney’s Office for the Eastern District of Virginia. The dual U.S.-Philippines national ran Praetorian Group International, which prosecutors labeled a multi-level marketing and bitcoin trading operation.
13 February 2026
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