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Newswire > Bitcoin trading firm CEO pleads guilty to $200 million Ponzi scheme, faces up to 40 years in prison
Bitcoin trading firm CEO pleads guilty to $200 million Ponzi scheme, faces up to 40 years in prison
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Bitcoin trading firm CEO pleads guilty to $200 million Ponzi scheme, faces up to 40 years in prison

DATE POSTED:September 18, 2025
The Block
Original article

Palafox falsely claimed that PGI was engaged in high-volume bitcoin trading, defrauding over 90,000 investors worldwide.

The Block
Original article
Newswire > Bitcoin trading firm CEO pleads guilty to $200 million Ponzi scheme, faces up to 40 years in prison

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