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A US court sentences Praetorian Group CEO Ramil Ventura Palafox to 20 years in prison for operating a $200M bitcoin Ponzi scheme that defrauded 90K+ investors (Danny Park/The Block) from Techmeme RSS feed.
A US court sentences Praetorian Group CEO Ramil Ventura Palafox to 20 years in prison for operating a $200M bitcoin Ponzi scheme that defrauded 90K+ investors (Danny Park/The Block)
Danny Park / The Block:
A US court sentences Praetorian Group CEO Ramil Ventura Palafox to 20 years in prison for operating a $200M bitcoin Ponzi scheme that defrauded 90K+ investors — Quick Take — Praetorian Group International CEO, Ramil Ventura Palafox, was sentenced to 20 years in prison for operating a $200 million bitcoin Ponzi scheme.