Crypto CEO gets 20 years for $200M Bitcoin Ponzi scheme Post author:MiamiCrypto Post published:February 13, 2026 Post category:Uncategorized A federal judge sentenced PGI founder Ramil Palafox to 20 years in prison for running a Bitcoin Ponzi scheme that raised over $200 million from customers between 2019 and 2021. You Might Also Like SEC punts decisions on XRP, DOGE ETFs April 29, 2025 BNY launches money market fund to hold reserves for US stablecoin issuers November 13, 2025 Value of SASE: Protect Remote Workers Anywhere September 8, 2021