Tag: scheme

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Ramil Ventura Palafox gets 20 years sentence over $200 million bitcoin Ponzi scheme

The CEO of Praetorian Group International (PGI) was sentenced to 20 years in prison in the U.S. for running a global Ponzi scheme that...

USDT on Tron central to $1 billion money laundering scheme, feds say – DL News

A Venezuelan national allegedly laundered around $1 billion for crooks, feds say.He used a number of crypto wallets to do so.The alleged criminal transactions...

Southern Utah man sentenced to 3 years in prison for crypto-linked wire fraud scheme

Federal prosecutors said Brian Garry Sewell defrauded investors of nearly $3 million and ran an unlicensed cash-to-crypto business that moved more than $5 million.