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PGI Global Founder Charged in $200M Crypto Ponzi—Because ’To the Moon’ Wasn’t Ambitious Enough
PGI Global Founder Charged in $200M Crypto Ponzi—Because ’To the Moon’ Wasn’t Ambitious Enough
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Regulators drop the hammer on another ’can’t-miss’ crypto opportunity—turns out those 300% returns were too good to be true. Active investigation reveals classic Ponzi structure, with late investors funding early payouts. Victims include retail traders lured by promises of algorithmic trading magic. SEC filing notes founder’s luxury purchases outpaced actual trading profits by 400%. Crypto skeptics mutter ’I told you so’ while adjusting their tinfoil hats.
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