Overview
- The scheme operated from December 2019 to October 2021 and promised 0.5% to 3% in daily gains through a fabricated online portal.
- Court filings show PGI took in more than $201 million, including at least 8,198 BTC and over $30 million in fiat deposits.
- Confirmed victim losses are at least $62.7 million, and the court has opened official processes for restitution claims.
- Prosecutors detailed about $3 million spent on 20 luxury cars, over $6 million on homes in Las Vegas and Los Angeles, high-end hotel suites, designer goods, and transfers including 100 BTC to a family member.
- The FBI Washington Field Office and IRS Criminal Investigation led the probe, the U.S. Attorney’s Office in the Eastern District of Virginia secured the conviction after a September 2025 guilty plea, and the SEC is pursuing civil penalties.