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A US court sentences Ramil Ventura Palafox, CEO of Praetorian Group, to 20 years in prison for operating a $200M bitcoin Ponzi scheme that defrauded 90K+ people (Danny Park/The Block)

by Asia Today Team
February 13, 2026
in Tech
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A US court sentences Ramil Ventura Palafox, CEO of Praetorian Group, to 20 years in prison for operating a 0M bitcoin Ponzi scheme that defrauded 90K+ people (Danny Park/The Block)
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A US court sentences Ramil Ventura Palafox, CEO of Praetorian Group, to 20 years in prison for operating a $200M bitcoin Ponzi scheme that defrauded 90K+ people (Danny Park/The Block)

Danny Park / The Block:

A US court docket sentences Ramil Ventura Palafox, CEO of Praetorian Group, to twenty years in jail for working a $200M bitcoin Ponzi scheme that defrauded 90K+ folks  —  Fast Take  — Praetorian Group Worldwide CEO, Ramil Ventura Palafox, was sentenced to twenty years in jail for working a $200 million bitcoin Ponzi scheme.





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