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BTCC / BTCC Square / Global Cryptocurrency /
SEC Exposes Fake Crypto Trading Platform Scam

SEC Exposes Fake Crypto Trading Platform Scam

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-04-23 08:40:02
0
The SEC has charged Ramil Palafox for running a $198 million scam through his company, PGI Global, falsely claiming to be a crypto and forex trading platform. He promised investors massive returns and offered multi-level marketing-like referral incentives. Palafox misappropriated over $57 million in investor funds to fund his lavish lifestyle and used the rest to pay other investors.
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