PGI Global founder charged in crypto fraud scheme
PGI Global’s founder Ramil Palafox ran a multi-million crypto fraud scheme for more than a year, investigators at the Securities and Exchange Commission said recently. The SEC announced it had charged Palafox for his part in a scheme that raised nearly $300 million from investors and for misappropriating more than $57 million of the investors’ funds. According to the SEC’s complaint, Palafox’s company, PGI Global, claimed to be a crypto asset and foreign exchange trading company that...
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