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The U.S. Department of Justice sentenced the CEO of a multi-level marketing and bitcoin trading firm to 20 years in prison after a conviction for wire fraud and money laundering tied to a large scale Ponzi scheme. Court records show that Ramil Ventura Palafox, 61, owned and controlled Praetorian Group International, known as PGI, where he served as chairman, CEO, and primary promoter. He told investors the company conducted bitcoin trading and promised daily returns … More → The post Bitcoin trading firm CEO gets 20 years for operating $200 million Ponzi scheme appeared first on Help Net Security.
Work & Theory on February 14, 2026
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