US Court Jails Bitcoin Ponzi Master: The 201M Reckoning for PGI Fraud
Massive capital flows into BTC often mask predatory structures within unregulated markets. The cryptocurrency market, often a beacon of innovation, periodically gets a stark reminder of its dark underbelly. Today, a U.S. court delivered a heavy blow to one such shadow operation, sentencing Ramil Ventura Palafox, the architect behind the notorious Praetorian Group International (PGI), to a substantial 20 years in federal prison. This isn't just another headline; it's a critical moment for every investor. It underscores the perpetual war between legitimate innovation and the age-old art of the con, now supercharged by digital assets. The collapse of PGI illustrates the fragility of yield-based models in crypto. 📍 The PGI Ponzi A Classic Scam CryptoWrapped Let's be clear: PGI was not a sophisticated tra...