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CEO of ‘Textbook Ponzi’ Pleads Guilty in $200M Bitcoin Fraud Case

Ramil Ventura Palafox admitted to defrauding more than 90,000 investors through a fake Bitcoin trading program.

The chief executive of Praetorian Group International, Ramil Ventura Palafox, pleaded guilty in Virginia this week to wire fraud and money laundering.
Palafox, 60, a dual U.S. and Philippine citizen, led the company as chairman, chief executive, and … [2511 chars]

Source: Decrypt | Published: 2025-09-18T06:42:45Z

Credit: Decrypt

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