Praetorian Group Revelations Closely Mirror FTX Executive-Level Failures in $200 Million Crypto Fraud

The US DOJ (Department of Justice) has secured a 20-year prison sentence against the founder of a sprawling crypto investment scheme.

According to prosecutors, this scheme had defrauded more than 90,000 investors worldwide of over $200 million.

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DOJ Exposes and Dismantles $200 Million Bitcoin Ponzi as Founder Receives 20-Year Prison Term

In a statement released on Thursday, the DOJ confirmed that Ramil Ventura Palafox, 61, was sentenced after pleading guilty to wire fraud and money…