{"id":24066,"date":"2025-04-27T19:16:37","date_gmt":"2025-04-27T19:16:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24066"},"modified":"2025-04-27T19:16:37","modified_gmt":"2025-04-27T19:16:37","slug":"financial-crime-weekly-man-charged-with-operating-198-million-crypto-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24066","title":{"rendered":"Financial Crime Weekly: Man Charged With Operating $198 Million Crypto Ponzi Scheme"},"content":{"rendered":"<div>\n<p>The Securities and Exchange Commission <a href=\"https:\/\/www.sec.gov\/newsroom\/press-releases\/2025-69\">filed charges<\/a> on Tuesday against <strong>Ramil Palafox<\/strong>, accusing him of running a fraudulent investment scheme that collected nearly $198 million from<strong> Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) and foreign exchange investors and misappropriated more than $57 million for<a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/04\/44747802\/block-fined-40-million-by-new-york-regulator-over-cash-app-compliance-failures\"> his personal benefit.<\/a><\/p>\n<p><strong>The Details:<\/strong> According to the SEC&#8217;s complaint, Palafox operated through his company,<strong> PGI Global<\/strong>, which he promoted as a cryptocurrency and foreign exchange trading business. Between January 2020 and October 2021, Palafox offered &#8220;membership&#8221; packages to investors that promised guaranteed high returns from PGI Global&#8217;s alleged trading activities.<\/p>\n<p><strong>Read Next: <\/strong><a ...><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/news\/legal\/25\/04\/45029644\/financial-crime-weekly-man-charged-with-operating-198-million-crypto-ponzi-scheme\" alt=\"Financial\" crime weekly: man charged with operating million crypto ponzi scheme>Full story available on Benzinga.com<\/a><\/p>\n<p><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission filed charges on Tuesday against Ramil Palafox, accusing him of running a fraudulent investment scheme that collected nearly $198 million from Bitcoin (CRYPTO: BTC) and foreign exchange investors and misappropriated more than $57 million for his personal benefit. The Details: According to the SEC&#8217;s complaint, Palafox operated through his company, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24066","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24066"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24066\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}