( February 12, 2026, 23:00 GMT | Official Statement) -- MLex Summary: Ramil Ventura Palafox, the chief executive of PGI Group, a multi-level marketing and bitcoin trading firm, was sentenced to 20 years in prison following his conviction on wire fraud and money laundering charges for operating a Ponzi scheme that defrauded over 90,000 investors worldwide, the US Department of Justice said.Statement follows below:...
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