Tag: CEO

PGI CEO Gets 20 Years Over $200M Crypto Investment Scheme

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A US federal judge in Virginia sentenced the chief executive of Praetorian Group International to 20 years in prison for running a $200 million cryptocurrency investment scheme that defrauded tens of thousands of investors. According to the Department of Justice, 61-year-old Ramil Ventura Palafox, a dual US and Philippine citizen, was convicted of wire fraud and money laundering for what prosecutors described as a Ponzi scheme that falsely promised daily returns of up to 3% from Bitcoin trading.  The US Attorney’s Office for the Eastern District of Virginia said investors…

CEO sentenced to 20 years for $200M Bitcoin Ponzi scheme

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A U.S. federal court has sentenced the chief executive of a crypto trading and multi-level marketing firm to 20 years in prison for orchestrating a massive Bitcoin-based Ponzi scheme that defrauded tens of thousands of investors worldwide. Summary Ramil Ventura Palafox, CEO of Praetorian Group International, was sentenced to 20 years in prison for running a $200 million Bitcoin Ponzi scheme. Prosecutors said the scheme defrauded more than 90,000 investors worldwide, promising daily returns of up to 3% through supposed crypto trading. The U.S. Department of Justice said investor funds…

Strategy to Push Preferred Stock to Boost Bitcoin Buys: CEO

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Bitcoin treasury company Strategy will further lean on its preferred stock sales to acquire Bitcoin, shifting from its strategy of selling common stock, says CEO Phong Le. “We will start to transition from equity capital to preferred capital,” Le told Bloomberg’s “The Close” on Wednesday. Stretch (STRC) is Strategy’s perpetual preferred stock, launched in July, and is aimed at buyers looking for stability by offering an annual dividend of over 11%.  STRC is the company’s fourth perpetual preferred offering, launched to finance its Bitcoin (BTC) purchases. It’s an alternative to…

Arkham Exchange Denies Shutdown Reports, CEO Says Shifting to DEX

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Arkham Exchange is not shutting down, despite reports to the contrary, and is instead redesigning itself as a decentralized trading platform, the company confirmed to Cointelegraph. The crypto trading platform launched by data analytics firm Arkham Intelligence is shifting from a centralized model to a fully decentralized exchange (DEX), Arkham CEO Miguel Morel told Cointelegraph on Wednesday. “The future of crypto trading is decentralized, and that’s what we’re building towards,” Morel said. Launched in 2024, Arkham Exchange allows users to trade both spot crypto and perpetual contracts. The platform launched…

Former SafeMoon CEO Sentenced to 8 Years: Braden John Karony and $9M Investor Fraud

A federal judge in Brooklyn has sentenced Braden John Karony, the former CEO of Defi project SafeMoon, to 100 months in prison for his role in a multi-million dollar fraud scheme. JUST IN: Founder of SafeMoon, Braden Karony, has just been sentenced to 100 months in prison. — unusual_whales (@unusual_whales) February 10, 2026 Karony was convicted of conspiratorial fraud and money laundering after diverting approximately $9 million in investor funds to purchase luxury assets, despite public assurances that the project’s liquidity pools were locked. The coin itself, Safemoon or SFM,…

SafeMoon CEO Given 8-Year Jail Time Over Crypto Scam

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Former SafeMoon CEO Braden Karony has been sentenced to 100 months in prison for stealing $9 million from the crypto platform’s liquidity pool in 2021 to fund a “lavish lifestyle.” The sentence on Monday comes nine months after Karony was convicted by a federal jury on charges of conspiracy to commit securities fraud, wire fraud and money laundering in May 2025.  “Not only did Braden John Karony abuse his position as CEO, but he also betrayed his investors’ trust by stealing more than nine million dollars in digital assets from…

Crypto Set For Big Shakeups, Consolidation Expected: CEO

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Bitcoin Is Offering ‘New Crack Of The Apple’ To Institutions: Bitwise CEO

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Bitcoin’s drop below $70,000 is being seen very differently by long-time holders and institutional investors, according to Bitwise CEO Hunter Horsley. “I think long-time holders are feeling unsure, and I think the new investor set, institutions are sort of getting a new crack at the apple,” Horsley said during an interview with CNBC on Friday. Horsley said that institutional buyers are “seeing prices they thought that they’d forever missed.”  It was only in October that Standard Chartered’s head of digital asset research, Geoff Kendrick, said he doesn’t expect Bitcoin to…

Crypto Industry Heading For ‘Massive Consolidation,’ Says Bullish CEO

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The crypto industry is likely to see more projects snapped up by larger companies, which may lead to a much less fragmented sector in the months ahead, says Bullish CEO Tom Farley. “I was in the exchange sector during continual massive consolidation…the same thing is going to happen starting right now in crypto,” Farley said during an interview on CNBC on Friday. Farley, who served as president of the New York Stock Exchange (NYSE) until 2018, said the recent drop in the crypto market will be a key catalyst, with…

XRP Is The ‘Oxygen’ Of The New Financial System, CEO Says

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XRP is being talked about in a different way now — not just as a token to trade, but as something that could plug into real finance. Related Reading The talk is shifting from ticker-watchers to companies that want reliable settlement rails and liquid collateral for on-chain assets. That shift shows up in moves on the ledger and in comments from people building businesses around it. XRP Seen As Financial Glue According to Jake Claver, CEO of Digital Ascension Group, XRP should be thought of as foundational collateral rather than…