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PGI Global CEO handed 20-year sentence for $200 million bitcoin, forex Ponzi scheme

February 13, 2026No Comments1 Min Read

Instead of investing in bitcoin and foreign currency trading, as promised, Palafox used new investor funds to pay old ones and siphoned millions for personal use.

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PGI Global CEO handed 20-year sentence for $200 million bitcoin, forex Ponzi scheme

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