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Bitcoin Kingpin Or Con Artist? SEC Charges Crypto, Forex Firm Owner Over $200M Fraud

Bitcoinist LogoBitcoinist1d ago

Bitcoin Kingpin Or Con Artist? SEC Charges Crypto, Forex Firm Owner Over $200M Fraud - Bitcoinist

Quick Summary:

Federal prosecutors and regulators have charged a man they claim operated a massive cryptocurrency fraud scheme that swindled $200 million from 90,000 investors.

Ramil Palafox, a dual US and Philippines citizen, allegedly stole more than $57 million from January 2020 through October 2021 through his firm PGI Global, according to charges filed April 22.

The case is the first cryptocurrency-related enforcement action since the SEC’s new chairman, Paul Atkins, began office on April 22.

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Bitcoin Kingpin Or Con Artist? SEC Charges Crypto, Forex Firm Owner Over $200M Fraud - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 22:30:49 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28179297

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Bitcoin Kingpin Or Con Artist? SEC Charges Crypto, Forex Firm Owner Over $200M Fraud" was covered 1 days ago by Bitcoinist, a news publisher based in Hungary.

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Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 10 news stories per day.

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  • URL: https://encashes.beamstart.com/news/bitcoin-kingpin-or-con-artist-17454475672654

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