[PGI CEO Pleads Guilty to Bitcoin Ponzi Scheme] Ramil Ventura Palafox, CEO of PGI in the United States, has admitted to orchestrating a Bitcoin Ponzi scheme exceeding $200 million, with charges including wire fraud and money laundering. He attracted over 90,000 investors worldwide through false advertising, resulting in total losses of at least $62.69 million. Palafox is scheduled for sentencing on February 3, 2026, and could face up to 40 years in prison.
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