The Chief Executive Officer of PGI Global has been sentenced to a lengthy prison term of 20 years after being found guilty of orchestrating a massive Ponzi scheme that defrauded investors out of approximately $200 million through the manipulation of Bitcoin and foreign exchange trading. This high-profile case has drawn significant attention, as it highlights the fraudulent practices within the cryptocurrency and forex markets, and serves as a warning to individuals seeking quick profits in these volatile investment arenas.
source: https://www.coindesk.com/policy/2026/02/13/pgi-global-ceo-gets-20-years-sentence-over-usd200-million-bitcoin-ponzi-scheme