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- The SEC accused the PGI Global CEO for a $ 1.98 million encryption Ponzi system.
- Investors have sold unregistered securities disguised as an AI trading package.
- Paul Atkins, the first encryption measure of the Case Mark sec.
On Tuesday, the US Securities and Exchange Commission officially accused investors five years ago as a PGI global CEO, Ramil Palafox, five years ago as a false promise to AI -centered transactions and guaranteed profits five years ago.
More than $ 57 million in Fiat and Bitcoin was misused for Pala Fox’s personal use and to benefit his close colleagues. name.
The case of Palafox submitted to the US District Court in Eastern Virginia is the SEC’s first Crypto -related action. oath Early one day.
Palafox seems to have clocked on Crypto Industry Buzzwords with short -unregistered securities sales of PGI Global and Praetorian Group International. complaint.
From January 2020 to October 2021, Palafox sold a “membership package” that guarantees up to 200%of profits through AI -centered passwords and foreign exchange platforms.
Cryptocurrency companies, officially known as the PGI Global UK LTD, were closed in September 2022 to operate the fraudulent investment system by the UK High Court.
Between July 2020 and February 2021, PGI Global collected about £ 612,425 (US $ 815,000) from investors.
But when the promised revenue was not realized, investors could not withdraw their funds.
Palafox, headquartered in the United States, did not cooperate with this investigation. The US Department of Justice and the US Treasury seized the company’s website after the US District Court in Eastern Virginia issued a warrant.
“PGI Global didn’t have a ‘auto transaction’ platform, and there was almost no transaction of any kind of transactions on behalf of investors.
Instead, the investor fund was used to maintain a payment system such as Ponzi and to finance the luxury lifestyle of Palafox, which includes Ras Vegas’s $ 1.7 million, several Lamborghini and $ 11.8 million in jewelry.
This complaint briefly explains how Palafox falsifies encryption activities, manipulates dashboards, shows false profits and protects investors.
In his statement, Laura D “Allaird, the Cyber vice president of SEC, said,” His misconduct of the cryptocurrency industry expertise and AI -based automatic trading platform was to cover international securities fraud. “
The SEC also claimed that the asset was transferred in anticipation of the collapse of the Palafox Guy system.
This complaint nominates four relief defendants, including Palafox’s wife, mother, and daughter -in -law, and finds the return of assets and funds such as $ 320,000 mortgage compensation, Range Rover and Louis Vuitton and Hermès.
The agency also asks the court to impose a permanent ban on the participation of Palafox’s encryption or MLM -related securities and a permanent ban on civil punishment and funds of funds.
Edited by SEBASTIAN SINCLAIR
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