CEO Admits $200M Bitcoin Ponzi Scheme, Spent Millions on Cars and Mansions
Ramil Ventura Palafox, CEO of Praetorian Group International (PGI), ran a $200M Bitcoin Ponzi scheme that defrauded over 90,000 investors. He misled clients with fake trading returns, manipulated an online portal to show profits, and spent millions on luxury cars, homes, and personal expenses.
