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SEC Charges PGI Global Over $200 Million Crypto Ponzi Scheme

13h ago
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SEC enforcement has targeted PGI Global and founder Ramil Palafox after investors have lost $198 million in a membership scheme that has touted AI-driven crypto and FX trades, has misused $57 million for luxury items, and has channelled remaining funds to a Ponzi-like payout structure since 2020.
13h ago
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