Ponzi King: $200M Crypto Scheme Unravels
Update: 2025-09-18
Description
$200 Million Crypto Dream Turns Nightmare: Praetorian Group CEO Ramil Palafox pleads guilty to running a massive Bitcoin Ponzi scheme that lured 90,000 investors with promises of daily returns. Find out how Palafox spent millions on luxury goods while victims lost over $60 million, and why experts say this scam, though devastating for those involved, likely won't rock the crypto world. Plus, learn why these schemes keep happening and how to protect yourself from the next too-good-to-be-true crypto opportunity.
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