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Crypto CEO gets 20 years for $200M Bitcoin Ponzi scheme

February 13, 2026 by DIGIT
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Crypto CEO gets 20 years for $200M Bitcoin Ponzi scheme

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.

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  • bitcoinBitcoin(BTC)$67,724.00-0.22%
  • ethereumEthereum(ETH)$1,991.680.41%
  • tetherTether(USDT)$1.00-0.01%
  • rippleXRP(XRP)$1.390.09%
  • binancecoinBNB(BNB)$603.03-1.66%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$81.440.14%
  • tronTRON(TRX)$0.277772-0.09%
  • dogecoinDogecoin(DOGE)$0.094042-0.03%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.04-0.39%
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  • bitcoinBitcoin(BTC)$67,724.00-0.22%
  • ethereumEthereum(ETH)$1,991.680.41%
  • tetherTether(USDT)$1.00-0.01%
  • rippleXRP(XRP)$1.390.09%
  • binancecoinBNB(BNB)$603.03-1.66%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$81.440.14%
  • tronTRON(TRX)$0.277772-0.09%
  • dogecoinDogecoin(DOGE)$0.094042-0.03%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.04-0.39%