PGI Global CEO Sentenced to 20 Years for $200M Bitcoin and Forex Ponzi Scheme

The CEO of PGI Global, a purported investment platform, has been sentenced to 20 years in federal prison for orchestrating a massive Ponzi scheme that defrauded investors of approximately $200 million. The scheme falsely promised high returns from Bitcoin (BTC) and foreign exchange (forex) trading. Instead of legitimate investments, the operation used new investor funds to pay fictitious profits to earlier participants, a classic hallmark of financial fraud. This case highlights ongoing regulatory scrutiny and legal consequences for cryptocurrency-related scams, underscoring the risks in the digital asset space. Authorities continue to warn investors to exercise extreme caution with platforms offering guaranteed returns.