Discover Top Posts Tagged with #ponzi-scheme

Ramil Ventura Palafox gets 20 years sentence over $200 million bitcoin Ponzi scheme

The CEO of Praetorian Group International (PGI) was sentenced to 20 years in prison in the U.S. for running a global Ponzi scheme that falsely claimed to invest in bitcoin and foreign exchange trading. Ramil Ventura Palafox, 61, promised daily returns of up to 3%, misleading more than 90,000 investors and draining over $62.7 million in funds, according to a Thursday statement from the U.S.…

#bitcoin-crime #Department of Justice #ponzi-scheme

Spain’s Civil Guard Arrests Leader of 260M Euro Crypto-Linked Alleged Ponzi Scheme

Spanish authorities said they arrested a man accused of leading a 260 million-euro ($300 million) alleged international investment scam that promised returns on everything from cryptocurrency to gold and luxury yachts. The suspect, identified as A.R. and known online as “CryptoSpain,” allegedly ran the Madeira Invest Club, which began operations in early 2023 and marketed itself as a private…

#crime #ponzi-scheme #spain

A new report from Elliptic has found that unregistered securities offerings account for more than half of all crypto-related fines handed out by U.S. regulators.

#Elliptic #Dr. Tom Robinson #Unregistered securities offerings #Ponzi-scheme #Research report