Wu Blockchain has learned that a notice from the U.S. Attorney's Office for the Eastern District of Virginia reveals that Praetorian Group International (PGI) CEO Ramil Ventura Palafox has pleaded guilty to orchestrating a Bitcoin Ponzi scheme exceeding $200 million. Charges include wire fraud and money laundering. Court documents show that Palafox attracted funds from over 90,000 investors worldwide, totaling more than $201 million (including at least 8,198 BTC), by falsely promoting Bitcoin trading profits. This ultimately led to cumulative investor losses of at least $62.69 million. Palafox is scheduled for sentencing on February 3, 2026, and faces a maximum of 40 years in prison. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=48916