Crypto Scandal: SEC Targets AI Kingpin

$198M Crypto Mirage? SEC Targets AI Trading Kingpin in Global Ponzi Uprising

• The SEC charged Ramil Palafox, founder of PGI, on April 22.
• PGI was involved in a $198 million crypto fraud disguised as AI trading.
• The scheme was revealed to be a global Ponzi operation.
• Luxury spending fueled the fraudulent activities.

The SEC’s charges against Ramil Palafox highlight the unmasking of a $198 million global Ponzi scheme under the guise of AI trading by PGI.