SEC and Federal Prosecutors Charge Man in $200 Million Crypto Scheme

According to Cointelegraph, the U. S. Securities and Exchange Commission (SEC) and federal prosecutors have charged Ramil Palafox, a dual citizen of the United States and the Philippines, with orchestrating a crypto scheme that defrauded 90,000 individuals out of $200 million. The SEC announced on April 22 that Palafox allegedly misappropriated over $57 million in investor funds through his company, PGI Global, between January 2020 and October 2021 source: https://www.binance.com/en/square/post/23289261061057?utm_source=BinanceNewsRSS