Blockchain News
Landmark 20-Year Sentence for Praetorian CEO in $200M Bitcoin Ponzi Scheme
Los Angeles, May 15, 2025: In a decisive move underscoring the U.S. government’s hardening stance on cryptocurrency fraud, Ramil Ventura Palafox, the former CEO of Praetorian, has been sentenced to 20 years in federal prison. The landmark sentencing follows his conviction for orchestrating a massive Bitcoin-based Ponzi scheme that prosecutors say defrauded over 90,000 investors […]
