PGI Global found Ramil Ventura Palafox has been sentenced to 20 years in prison.

PGI Global was an MLM Ponzi scheme that collapsed in 2021. The SEC has pegged PGI Global investor losses at $198 million.

Palafox’s February 12th sentencing follows him pleading guilty to one count of wire fraud and one count of concealment money laundering in September 2025.

Restitution for PGI Global victims will be determined at a later date. This will tie into the SEC’s stayed civil proceedings but it’s unclear whether the SEC will separately seek a separate restitution order.

Of note is Palafox (right) having “serious medical issues prevent him from being safely transported through the Joint Prisoner Air Transportation System”.

I’m unfamiliar with prison protocol but Palafox will nonetheless be subject to “direct transportation by commercial aircraft of the defendant to” his prison at the BOP’s discretion.

Till then, Palafox will remain under the same pre-trial conditions set April 2025. The court notes it is waiving the requirement Palafox “wear an ankle monitor during his stay at the hospital.”

Our next update in PGI global proceedings will likely tie into the SEC’s civil fraud case resuming. Either that or clarification on restitution as per Palafox’s criminal proceedings.