Regulations & Policy
Judge Sentences PGI Founder to 20 Years for $201 Million Bitcoin Ponzi Scheme - Bitcoin.com News
•1 min read
A federal judge has sentenced the founder of PGI, a cryptocurrency investment firm, to 20 years in prison for orchestrating a $201 million Bitcoin Ponzi scheme. The scheme defrauded thousands of investors, misleading them about the profitability of their investments while using new funds to pay earlier investors.
Read the full story at Google News Crypto →
Source: Google News Crypto · Report an issue
You might also like
- Arthur Hayes forecasts Fed printing as Trump’s Iran war ramps up. Here’s what that means for the price of Bitcoin - dlnews.com
- Buyouts and bitcoin: Inside the messy boardroom fight at a treasury company that may span to others - CoinDesk
- Eric Trump Says He Believes In BTC 'Long Term' And American Bitcoin's 'Growth Metric' Is To Increase Its Stash, Not Chase Exhashes Like Other Miners - Yahoo Finance