By Chayanika Deka The US Securities and Exchange Commission (SEC) charged Ramil Palafox, the founder of the crypto company PGI Global, with orchestrating a massive $198 million Ponzi scheme that misled investors worldwide. Palafox is accused of defrauding investors by promoting PGI Global as a legitimate crypto asset and foreign exchange trading business from January […]
Tag: SEC
By Christian Encila Federal prosecutors and regulators have charged a man they claim operated a massive cryptocurrency fraud scheme that swindled $200 million from 90,000 investors. Ramil Palafox, a dual US and Philippines citizen, allegedly stole more than $57 million from January 2020 through October 2021 through his firm PGI Global, according to charges filed […]
By Vuk Martin Imagine waking up to headlines claiming Elon Musk is dropping $104 billion into XRP. No, not a typo. Not $104 million. Billion. In the crypto world, where hype can flip markets overnight, some noise is a regular occurrence. But this wasn’t just noise—it was a sonic boom. Social feeds lit up, self-proclaimed […]