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Tag Archives: Ramil Palafox

SEC Charges PGI Global Founder with $198 Million Crypto Asset and Foreign Exchange Fraud Scheme

Washington, D.C.–(Newsfile Corp. – April 22, 2025) – The Securities and Exchange Commission today charged Ramil Palafox for orchestrating a fraudulent scheme that raised approximately $198 million from investors worldwide and for misappropriating more than $57 million of investor funds. According to the SEC’s complaint, Palafox’s company, known as PGI …

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