SEC Announces Charges Against PGI Global Founder with $198M Crypto Asset and Foreign Exchange Fraud Scheme
The Securities and Exchange Commission (SEC) charged Ramil Palafox with allegedly orchestrating a fraudulent scheme that raised approximately $198 million from investors worldwide and misappropriating over $57 million of investor funds. According to the SEC’s complaint, Palafox’s company, known as PGI Global, claimed to be “a crypto asset… Read More
Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged crypto-assets, enforcement, fraud, PGI Global, sec