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 falsely claimed to invest in bitcoin and foreign exchange trading ...

A $200 million bitcoin Ponzi scheme that ripped off more than 90,000 investors worldwide has landed its CEO behind bars for 20 years in Virginia. Ramil Ventura Palafox, 61, a dual citizen of the ...

Add Yahoo as a preferred source to see more of our stories on Google. Kin Cheung / AP Convicted for defrauding at least 90,000 investors around the world of more than $200 million, a multi-level ...

Several prominent figures in the crypto industry have pushed back against Boris Johnson after he described Bitcoin as a Ponzi ...

The cryptocurrency community pushed back, with Michael Saylor saying Bitcoin has no issuer, promoter, or guaranteed return, ...

A federal judge sentenced PGI founder Ramil Palafox to 20 years in prison for running a Bitcoin Ponzi scheme that raised over $200 million from customers between 2019 and 2021. A US federal judge in ...

Former UK prime minister Boris Johnson has triggered a sharp debate across financial and technology circles after describing Bitcoin as a “giant Ponzi scheme”, drawing swift rebuttals from leading ...

JPMorgan Chase — whose CEO Jamie Dimon once dismissed bitcoin as a “fraud” and likened cryptocurrencies to a “Ponzi scheme” — is diving further into crypto with a money-market fund that’s based on ...

Boris Johnson, the former prime minister of the United Kingdom, published an opinion article calling Bitcoin a scam, which received heavy pushback.

ALEXANDRIA, Va. — Convicted for defrauding at least 90,000 investors around the world of more than $200 million, a multi-level marketing CEO was sentenced to 20 years behind bars in an Alexandria ...